Moneycontrol PRO
you are here: HomeNewsOpinion

Zomato needs to come clean on business exits

The listed start-up has an obligation to its investors to communicate transparently on the exit of a senior executive and the shutdown of multiple businesses

September 17, 2021 / 10:34 AM IST
Zomato needs to come clean on business exits

Zomato is offering multiple opportunities to critics of start-ups who trade at sky high valuations despite being knee-deep in losses. Within months of the company raising money from the primary market, it has announced the closure of multiple businesses. As if that was not enough, the face of the company during the IPO resigned. If this had been any other company, the stock would have reacted sharply and the company would have been hounded by media and the investment community. But...

  • PRO Panorama

    Moneycontrol Pro Panorama | IPOs sparkle on the Street ahead of Diwali

    Oct 28, 2021 / 04:23 PM IST

    In today's edition of Moneycontrol Pro Panorama: Nykaa IPO hits a sweet spot, orders do the talking at L&T, ITC’s recovery pushes ahead, threat to textile hopes, sticky fossil fuel prices and more

    Read Now

To read the full story, Subscribe to Moneycontrol PRO

Access the exclusive stories, weekly investment ideas and daily technical calls in an Ad free experience

Already a member? Sign in

Limited Period offer on Moneycontrol PRO. Subscribe to PRO and get up to

50% OFF

What Do You Get

  • Ad free experience

    Experience a non-intrusive navigation and faster response in the ad free mode

  • Sharpest Opinions

    Access to 230+ exclusive stories per month from our editorial and Experts

  • +

    Have a Global edge with access to content from world renowned experts and journalist

  • Actionable Insights

    Access to 40+ weekly investment ideas including 4 daily technical calls

  • Virtual Events

    Exclusive access to live webinars from market experts on trading and investment strategies

  • Newsletters

    Daily and weekly insights bundled and sent to your inbox to keep you ahead in the race.

Get upto 50% discount on limited period offers