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Zomato IPO will test Indian investors' unicorn appetite: Analyst's note

Company faces competition in a food services market that is yet to reach global scale.

Zomato revenue triples to $206 million in FY19; losses at $294 million

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Zomato said in its IPO prospectus it expected to use Rs 5,625 crore from the net proceeds to fund its organic and inorganic growth

Neha Alawadhi New Delhi

3 min read Last Updated : May 12 2021 | 1:20 PM IST

Zomato’s initial public offering will test Indian investors’ appetite for unicorns, as the food delivery aggregator operates in a competitive market, said a note by Anand Rathi Research.

Food consumption

Topics : IPO Zomato Food delivery