Ashneer Grover said that he was bullish on the Zomato IPO on several counts.
Two months after making an impressive debut on the bourses, food-tech platform Zomato is now looking to beef up its finance function by tapping top talent.
Internet IPOs are all the rage right now. After the successful listing of online food delivery platform Zomato in July, internet companies that will be listed in the Indian stock markets include Nykaa, Paytm, Policy Bazaar, and more. So what should retail investors look out for? Should they invest or stay away?
A market listing puts newer brands squarely in the public eye, helps them reach out to a wider consumer base and garner instant 'trust'.
With over 20 years of experience, Savara, a chartered accountant and a lawyer, specialises in transaction tax and structuring
"One of the most requested features from our customers has been "Unlimited Free Deliveries." So, in a few hours, we are launching our Limited Edition *Pro Plus* membership for selected customers," Goyal tweeted.
Brokerages have set a target of Rs 165-170 for Zomato shares, a 17-20% gain in the next one year from the July 29 close of Rs 141
Is Zomato a happy story? Or, is it a cause for worry? Either way, it is time to indulge in a hard look at the emerging dynamics in the marketplace.
Once a stock passes our basic liquidity filters, we are then agnostic on the size of the stock – we have no clear preference between mid- and large-cap stocks. says Sen.
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.
The broader markets are in a positive trend. Globally, in the US markets, various companies will start reporting their Q2 earnings, which will keep the street excited, says Chaturmohta.
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
A behind-the-scenes look at the food delivery giant's partnership with rapper Tesher and brand integration in the hit track’s MV that coincided with Zomato's IPO.
For a public issue that generated huge interest, Zomato's listing ceremony was quite understated.
Zomato is easily the most expensively valued stock in this set of companies when using the price to sales yardstick.
Zomato became the first company in the food delivery segment to list at the bourses.
Zomato IPO listing: Risk-takers can consider holding for it a long way while conservative allotted investors should look to book healthy profits on listing day, suggest experts.
Shankar Sharma on Zomato IPO: Globally, if you look at Grubhub, which is a similar company to Zomato, that also didn't do well at all in the post-listing aftermarket. Typically overhyped IPOs don’t do too well in the aftermarket, and Burger King was a good example
Earlier on July 16, Zomato's IPO was subscribed 38.25 times on the final day of the bidding. The offer received bids for 2,751.25 equity shares against IPO size of 71.92 crore equity shares, the subscription data available on the exchanges showed.
Huge oversubscription of Zomato IPO shows platform companies are the future, posing a threat to traditional businesses
The application to the Zomato IPO was made on July 16 via the HNI segment through Kotak Wealth Management.
Paytm IPO will be India's biggest public issue so far, a record that was previously held by Coal India, which raised over Rs 15,000 crore over a decade ago.
Paytm IPO: The company's move to file its Draft Red Herring Prospectus (DRHP) with Sebi comes days after its shareholders approved its plans to raise Rs 12,000 crore through a fresh issue of shares.
The National Restaurants Association has alleged violation of competition rules by the two big food delivery companies -- Zomato and Swiggy
Temasek, the Singapore headquartered firm and one of the world’s biggest investors with a global portfolio valued at more than $280 billion, is betting big on India’s booming internet and digital ecosystem. The investment behemoth not only backs the current darling of D-street Zomato, but also the likes of Ola, CarTrade, Pine Labs, PolicyBazaar and Cult.fit