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TMS, Ep 46 - Zomato diversification, 10Club Q&A, Paytm stock, bank deposits

Will Zomato's diversification deliver unicorns? How does 10Club's Bhavna Suresh plan to scale up businesses? Can Paytm surprise us after market debut? What are FDs and RDs? All answers here

Topics
Zomato | Paytm | Startups

Team TMS  |  New Delhi 

Hot on the heels of its strong public market debut, has outlined its new long-term strategy for business growth. Without losing focus on its core area, the company plans to expand into grocery, logistics and related businesses through the investment route. says it is investing in companies that have the ability to become market leaders in their category. In a recent interview, 10Club co-founder and CEO Bhavna Suresh shares the business model and prospects of the company that acquires and helps scale digitally native businesses in India.

He tells Business Standard brands benefit from 10Club’s expertise and more Investors, on the other hand, lost nearly Rs 4,570 crore in wealth as shares tumbled 27% against its issue price post listing. Is there more downside to this fall? Or is there a way shares can swing to profit? Before the equity market, mutual funds and various other investment options became household names, FDs and RDs were considered the safest mode to park money. And pandemic made them more relevant as there was no risk attached to these saving instruments and they offered good returns too.

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First Published: Fri, November 19 2021. 08:00 IST
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