MUMBAI: The valuation of food delivery major Zomato, which is going public through an IPO with an indicative market capitalisation of around Rs 60,000 crore, has been a topic of much discussion on social media with questions being raised if it’s really worth that much.
People shared mixed views. For some, a tech-enabled company should be valued differently than a traditional one despite its losses. For others, the IPO is an opportunity for venture capital and private equity investors to offload their liability to retail investors. Then there are those that believe Indian food tech companies will reflect valuations earned by global peers like DoorDash to a significant extent.
Zomato’s IPO is set to be open from July 14 to July 16 at a price band of Rs 72-76. The offer size is about Rs 9,375 crore.
