Voonik attains EBITDA profitability, won't need to burn cash
Bengaluru-based fashion retailer Voonik's Founder Sujayath Ali has said it has achieved EBITDA profitability which is a measure of the company's financial performance and value. He also said that the company would no longer need to "burn" cash for sustainability. It was not a result of restructuring or cutting costs in marketing but through fundamental changes in business, he added.