Aug 19, 2021 01:03 PM IST
ICICI Direct is bullish on Info Edge has recommended buy rating on the stock with a target price of Rs 6270 in its research report dated August 17, 2021.
- Jul 25, 2021 11:04 AM IST
At the closing price on Friday, Zomato is trading at a multiple of 49.6 times the FY21 revenues. This is significantly higher than Doordash’s EV/Revenue valuations of 15 times, says Divam Sharma of Green Portfolio.
- Jul 24, 2021 10:21 AM IST
Zomato looks expensive when we compare it with the global peers on an EV/Sales basis. Globally, online food delivery players trade at an average EV/Sales of 10x while Zomato trades at 44x FY21 EV/Sales, says Poddar
- Jul 13, 2021 03:19 PM IST
Zomato's Rs 9,375-crore public offer comprises fresh issuance of equity shares of Rs 9,000 crore, and an offer for sale of Rs 375 crore by existing selling shareholder Info Edge.
- Jul 12, 2021 12:57 PM IST
Zomato's IPO is a seminal moment for the Indian startup ecosystem, as it will become the first unicorn to go public. Its IPO could be the first indication of whether India’s new economy has succeeded or not, financially speaking. Investors will get their first bite of an entirely new section of India’s economy — one that is touted to be the future, and one that has created an outsized impact in other countries.
- Jul 05, 2021 11:28 PM IST
Zomato filed the draft red herring prospectus (DRHP) with Sebi in April this year, for its Rs 7,875-crore IPO comprising a fresh issue of Rs 7,500 crore and an offer for sale of Rs 375 crore by its existing investor Info Edge.
- Jul 02, 2021 05:56 PM IST
Info Edge Founder and Executive Vice Chairman Sanjeev Bikhchandani on the deal trends and valuations in the startup world, unicorns, and more.
- Jun 23, 2021 08:55 AM IST
- Jun 22, 2021 09:35 AM IST
Here is what brokerages have to say about the stock and the company after the March quarter earnings
- Jun 21, 2021 08:00 PM IST
- Jun 12, 2021 05:20 PM IST
With this acquisition, Info Edge is aiming to streamline and accelerate digital transformation in talent management.
- May 12, 2021 09:52 AM IST
Hitesh Oberoi, the CEO and MD of Info Edge, which runs portals such as Naukri, Jeevansathi and 99 acres, apart from being an investor in unicorns such as Zomato and Policybazaar spoke to Moneyocntrol's Chandra R Srikanth on the harrowing few weeks as the second wave of Coronavirus hit India like a Tsunami. From running around for beds and oxygen for affected employees, Oberoi says things are now beginning to stabilise and will get better in a couple of weeks. He also said IPOs of companies such as Zomato, which filed its DRHP recently are on track and that the demand for digital skills continues.
- May 12, 2021 09:16 AM IST
Info Edge CEO Hitesh Oberoi is optimistic that the pandemic situation will begin to normalise within weeks and that things are already getting better, but the country needs an effective advance-warning system to ensure that people don’t drop their guard again.
- Apr 30, 2021 10:04 AM IST
The sooner Zomato comes out of the cash burn business model, the better will be its chances be in attracting quality investors.
- Apr 29, 2021 06:28 PM IST
Zomato IPO: More than a decade ago, the food delivery company's founder Deepinder Goyal received an email that would change his destiny and that of the sender, Sanjeev Bikhchandani of Info Edge.
- Apr 28, 2021 09:38 AM IST
Info Edge currently holds around 19 percent stake in the food delivery aggregator company.
- Apr 27, 2021 10:26 PM IST
The company's board has given its approval to participate in the said OFS of up to such number of shares of Zomato Limited as would aggregate up to Rs 750 crore, Info Edge said in a regulatory filing.
- Mar 18, 2021 10:55 AM IST
Can the upcoming internet IPOs lead to more capital inflows into private markets? What are the lessons for founders when transitioning from a startup to a listed company? Grab the chance to ask your questions to Sanjeev Bikhchandani and Deep Kalra, as they unpack crucial lessons on building and running a publicly listed Internet company.
- Feb 22, 2021 10:26 PM IST
As per the latest filing by Info Edge, $115 million has been invested by Kora Management LP, $55 million from funds associated with Fidelity, $50 million from Tiger Global Management, LLC, $20 million from Bow Wave Capital Management, LP and $10 million from Dragoneer Investment Group, LLC.
- Feb 16, 2021 01:14 PM IST
We raise the target to factor in an improved long-term growth outlook. Target raised also due to higher valuation for its stake in Zomato & Policybazaar, CLSA said.
- Feb 16, 2021 11:33 AM IST
- Nov 11, 2020 12:33 PM IST
- Nov 11, 2020 12:33 PM IST
- Nov 05, 2020 10:33 PM IST
Food delivery company Zomato and its key investors are aiming for a listing in India. If plans fructify, it will be India’s first internet IPO since IndiaMart Intermesh in 2019
- Oct 22, 2020 07:17 PM IST
Motilal Oswal recommended Neutral rating on Info-Edge with a target price of Rs 3620 in its research report dated October 21, 2020.