Zomato IPO: How do Indian food delivery players match up to global peers?

While there are a lot of questions on the minds of investors with respect to the medium-term growth, profitability & cash usage, FOMO factor should keep the excitement level high

Labelled as a watershed moment for India’s venture capital and start-up ecosystem, Zomato’s Rs 9,375 crore initial public offer (IPO) will open for subscription on July 14 and is likely to draw a bumper response. 

Zomato, which has a presence in 525 cities in India with an average of 6.8 million customers ordering food every month, is being valued at $8 billion, or just under Rs 60,000 crore at the upper end of the price band of Rs 72-76. 

While most analysts have already raised concerns