Zomato's stellar IPO to have positive impact on foodtech firms' valuation’

Know more→

Mobility Energy and Transportation

Technology and Business Services

Zomato's stellar ipo to have positive impact on foodtech firms' valuation’

25 Jul 2021

1 min read

The blockbuster listing of online food delivery company Zomato is expected to set the stage for many food technology (foodtech) firms, including Swiggy, to follow suit. The stellar listing is expected to have a positive impact on their valuations if they plan to list or raise funds, said analysts and experts.Zomato, the Gurugram-based company, is operating in a nascent industry. However, its Rs 9,375-crore maiden offering is now considered a test case for other foodtech start-ups planning to go public.

Click here to read the full article on Business Standard

Disclaimer: The text, images and content here have been reproduced from the original publisher. Praxian Global Private Limited does not claim any ownership or right to use of this content and the rights belong to the publisher. We have contributed our perspectives, which are often proprietary, to the content publisher. We or the publisher have no obligation to update or refresh the content or our perspectives shared herein.

Ready to talk?

I want to talk to your experts in:

We work with ambitious leaders and transformative clients who are defining the future. Together, we achieve extraordinary outcomes.

Zomato's stellar IPO to have positive impact on foodtech firms' valuation’ | PraxisGA