Saurabh Mukherjea says that his three-step approach to investing does not focus on short-term factors like what central banks are doing or what will do well in the festive season
While 51% of profit-making companies had positive returns one year after IPO, for companies that bore losses in at least one in the previous three years, the proportion was 30%
Bikhchandani wrote Zomato's first cheque of Rs 4.7 crore in 2010 and was its only investor in the first four funding rounds.
'Earnings racing off a cliff have some upside risk and low-interest rates will support relatively high valuations'
The flood of money gushing into start-ups is a seminal moment for the markets, even if all this new capital is burned
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Apart from Swiggy, Zomato's biggest competitor, Rebel Foods, Dunzo, Ola Foods will also be fancying their chances of a blockbuster listing or more private equity funding, say experts
In a blog post titled "Letter from Deepi," he said Zomato will not alter the firm's focus for short term profits at the cost of the long term success of the company
Market players say strong stock market debut will prompt VC and PE firms to back more domestic startups, apart from motivating more unicorns to resist the temptation to list in the US
On the first day, Zomato has broken into the club of top-50 listed companies in terms of market capitalisation in India
Stock now most expensive consumer and food company in India
The BSE MidCap and SmallCap indices, however, underperformed the benchmarks
The market capitalisation of the company touched Rs 1.08 trillion in intra-day trade today
Shares of Zomato Ltd nearly doubled on Friday in a stellar first listing of local unicorn in India, setting pace for a slew of such debuts by internet-based startups that are thriving during pandemic
Investors bragged on Twitter about snagging shares in the startup, yearning for the sort of returns Facebook Inc. and Alibaba Group Holding Ltd. generated
Zomato IPO has opened the doors for new-age tech businesses to tap primary markets. Paytm, PolicyBazaar and Mobikiwik are some other names gearing up to tap the primary maket
Forty-one companies, including RIL, JSW Steel, SBI Card, YES Bank and Federal Bank will report their quarterly numbers today
Major websites went down in what appeared to be a brief but widespread outage. The websites of Airbnb, AT&T, Costco and Delta showed error messages around midday Eastern time on Thursday. They seemed to be operating normally, however, by 12:45 pm. Akamai, a major behind-the-scenes internet network company, said the disruption lasted about an hour and that it was due to a software update in the system that directs browsers to websites. It said there was no cyberattack. The company said it was reviewing how it updates software to try to prevent outages in the future.
Fintech major Paytm had tweeted that "some Paytm services are affected due to global outage at Akamai".
Views follow a stellar response to India's first unicorn IPO by food delivery company Zomato, which was subscribed nearly 40 times