Despite the scenario, Zomato claimed growth with a 225 per cent rise in its revenue from $63 million in the first half (H1) of FY18 to $205 million in H1 FY20. Zomato chief Deepinder Goyal also claimed monthly burn rate cut to 60 per cent from what it was six months back. "We achieved tremendous results in optimising our costs, without affecting new product launches or innovation," Goyal had said. Zomato was reportedly valued at $3.6 billion by HSBC Global Research earlier this year while its rival Swiggy is valued at $3.3 billion.