Zomato on track to break even soon, says COO

With operations in 24 countries and major expansion underway in its home market of India, Zomato looks set to beat China's Meituan Dianping into the black.

Zomato, the Indian-headquartered global food delivery and rating platforms, is on track to break into the black this year thanks to strong growth in tier-2 Indian cities, says a senior executive of the firm.

Speaking on the sidelines of a conference in Hong Kong on Tuesday, Gaurav Gupta, co-founder and chief operating officer of Zomato, said the food delivery platform is likely to break even in the next six to 12 months.

“Right now, for the food delivery business we are investing a lot of money. Over time, we would like to see more and more orders coming,” he told FinanceAsia. “As your order intensity...

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