Lessons in frugality from Zomato’s IPO
About 10 years after its inception, foodtech unicorn Zomato is set to go IPO route, seeking to raise Rs 9,375 crore at a post-issue valuation of Rs 64,365 crore.
Your story conducted a detailed analysis of the company’s DRHP and decoded Zomato’s balance sheets, which have interesting lessons for startup founders. We took the issue premium reserve (where the difference between the issue price and the par value of the issued shares is) and the loss carried forward each year since 2010-11.
Learn more to understand the lessons for the startup ecosystem, as well as for investors evaluating an investment in Zomato.
Read all about how the Indian startup ecosystem is battling the second wave of COVID-19 here.
Here are some useful tools to help you find the nearest vaccination centers in real time.
For most Indian families, it is more possible to hire a driver for trips outside than to have a full time driver. DriveU is an on-demand driver services platform that addresses this need by providing professional drivers.
From completing two million successful trips to automating 90% of its processes, Ashok Shastry, co-founder and COO of DriveU, talks about his growth journey.
Editor’s choice: the turning point
Before Deepinder Goyal founded Zomato, he tried his hand at entrepreneurship in 2015 with online food delivery startup foodlet.com. Later, along with Pankaj Chaddha, he launched Foodiebay.com to offer personalized food guides with reviews and personalized menus.
In 2010, the online food guide and restaurant directory was renamed Zomato. Now Zomato is considering a post-issue valuation of Rs 64,365 crore after its IPO next week. Read more.
Filling the gaps in the B2B agri-food trade ecosystem
As the pandemic has accelerated the adoption of technology in agriculture, B2B merchants continue to be plagued by limited access to technology, information, distribution and customer acquisition channels. .
Enter TradeBridge, based in Navi Mumbai, which is a B2B agriculture marketplace that connects buyers with sellers and enables them to list, sell, buy and discover products at a fair and transparent price. Read more.
Photo: YS Design
Before leaving, stay inspired with …
Deepinder Goyal, co-founder and CEO, Zomato
“We continue to take feedback from our delivery partners and are working to make the necessary changes – big or small, whatever the need at the moment is to make Zomato a more inclusive place to work.
– Deepinder Goyal, co-founder and CEO, Zomato
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