Housing currently has a monthly cash burn rate ofRs 50-63 crore ($8-10 million), according to top executives in the company.
Yadav, however, said the burn rate was much lower. "We spend approximately $2 million (Rs 12 crore) a month apart from some oneoff expenses like new office deposit," Yadav said in an earlier email.
Housing reported losses ofRs 48.8 crore on revenue of Rs 1.9 crore for the financial year ended March 31, 2014, according to filings with the Ministry of Corporate Affairs.
Launching a Maternal and Newborn mHealth Initiative, together with the Innovation Working Group of the Global Strategy; the Partnership for Maternal, Newborn and Child Health; and a host of others, to develop, deploy, and bring to scale a set of mobile-based, new information and communication technology (ICT) tools to address MDG 5.