Categories: Top Stories

Assessment IPO Crore RS 60,000 Zomato Creates Buzz

Mumbai: Major Zomato’s delivery assessment that becomes public through an IPO with indicative market capitalization around Rs 60,000 Crore, has become a topic of many discussions about social media with many who raise eyebrows if it is very valuable.
People have a diverse view.
For some companies that support technology must be valued differently for traditional companies even though there are losses.
For some IPOs is a harvest opportunity for venture capital & private equity investors to collect their obligations to retail investors, while some believes Indian food technology companies will reflect the assessment obtained by its global colleagues such as significant doordor.
Zomato’s IPO is set to open from July 14 to July 16 on Rs Price Rs 72-76.
The size of an enhanced offer is around Rs 9,375 Crore.
Interestingly Zomato’s assessment at the IPO, around Rs 60,000 Crore, is equivalent to market value of all fast service restaurants (QSR) registered in Babes India.
The value is also more than the market value of all chains of hospitality operating in this country.
This second list includes Behemoth like an Indian hotel that runs iconic Taj Hotel chains in India and abroad, and also Oberoi hotels.
India has a half a dozen restaurant fast service registered with a combined market value of Rs 60,712 Crore and around 20 hospitality companies are registered with aggregate market capitalization of 44,000 crore rs.
Jubilant (which operates Domino’s Pizza India Franchisee), Westlife (McDonald’s) and Indian Hotel (Runs Qins Gourmet Food Ordering App) has introduced a shipping service without contact after eating outside the culture affected by the Coronavirus crisis.
Jincant, who said that more than 90% of domino delivery is currently associated with an online order compared to a few years ago, is the most valuable QSR shares at Rs 41.007 Crore, while the Indian hotel (Taj) is the most appreciated hospitality company at Rs 41.
17,589 Crore.
Qmin, which was launched by the Taj July, increased its coverage to 25 cities from 16 cities, Indian University chandiring chandrasekan said at the company’s annual shareholder meeting held last month.
While Zomato making losses look for rich assessments, uniquely shipping partners and competitors for QSR and hospitality chains.
It also faces several challenges from the Indian Pan-Indian restaurant.
The Food Service Agency (NRAI), which represents more than five lakh restaurants in this country, plans to launch its own food booking application to take zomato and other food technology platforms, in the midst of disputes that develop among them with discounts, masking data and other allegations unfair business practices.
Industrialist Harsh Goenka on Twitter said: Anyone who can explain to me – 20 hotels including the Global Indian Hotel brand – Total Market Cap – Rs 44,000 Crore.
The top 6 QSR chains that serve millions of consumers – total capsion market 60,000 crore.
Zomato – continue a big loss.
Hold me Vadapav! Close the market – Rs 60,000 Crore ??? Replying to Goenka, Anurag Katriar, President Nrai said: Welcome to a new world where you can be called “valuable” even though it never produces a penny from the beginning from the start.
Former Director of JP Morgan India and Ripplewave Equity Advisory Partner Mehul Savla said: Zomato could not be compared to the hospitality chain.
“It straddles the QSR game and the technology that is driven by technology; space” between “, which evolved at high speed, driven by changes in consumption, lifestyle and comfort.
In commandal, the assessment approach also moved away from the traditional parameters towards futuristic assumptions, almost like Assessing “abstract art”.
There is no formula determined for that, “Savla said.

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