BENGALURU: Online restaurant ordering and discovery portal Zomato has sharply reduced money that it loses in monthly operations to less than a quarter of what it was last year, as it beat a retreat from high-cost markets to focus on geographies where it has a dominant share of the business.This May, the company spent less than $2 million (Rs 13.5 crore) for expenses, termed the “burn rate” in contrast to the $9 million it spent monthly at peak last year according to disclosures made by the company’s top managers on Thursday.“Zomato will start making cash before it runs out of cash,” said Sanjeev Bikhchandani , executive vice chairman of internet holding Info Edge, which owns a 50% share in Zomato.“They (Zomato) have 15-18 months of runway at current burn rate,” he said. “Zomato has $35 million cash and majority of cost-cutting involving overseas operations is over,” he told the analysts.Zomato will no longer have a physical presence in nine of the 23 global markets that it is present in, including the US and Canada. It entered these last two markets through the acquisition of UrbanSpoon in early 2015. The company will continue to run in these markets, but operations will be updated by the team present in India.“Markets where a physical presence has been pulled (out) are ‘high burn and high risk area’,” Zomato CEO Deepinder Goyal said. “However, putting the teams back in these markets is not off the table,” he added.Zomato has also written off Rs 104 crore of the value of its $52 million (Rs 325 crore) acquisition of UrbanSpoon, terming it as a non-cash charge on goodwill of the brand.These charges are typically taken when an asset is not considered as valuable as was estimated at the time of acquisition.But the company’s strategy of aggressive overseas acquisitions in fiscal 2015 has begun to contribute significantly to the topline, with 45% of the revenues in the last fiscal year coming from India while the rest came from overseas markets including UAE.Revenue share of India and UAE, its two largest markets, has fallen further to 50% in recent months. While share of India and UAE may be falling, Zomato expects to double topline in fiscal 2017 again to overRs 300-350 crore.But many feel the jury is still out on these acquisitions, and concerns continue to be raised about size of the Indian market.