Restaurant discovery and food delivery firm Zomato claimed that it has achieved a 28 million monthly order run rate as of December 2018, a significant bump up from previously disclosed 21 million monthly run rate in October. To be sure, order run rate is not the absolute order volume for the firm. Order run rate helps project future order volume for the month and is calculated based on one week’s volume (in this case the highest week during December).
Rival Swiggy continues to clock 28 million monthly orders in absolute terms, confirmed a person aware of the matter. Zomato declined to share its absolute numbers.
,,,Industry sources estimate that both companies are losing $30-40 million each monthly. Aside of these two, Ola‘s Foodpanda and UberEats are the other two vying for the consumers’ spends on food.