Zomato the food delivery aggregator as you all know went public recently through its IPO. The IPO was a success and it was oversubscribed by a factor of 38. Prior to the IPO, Zomato has raised capital through a series of funding. The company today is privately valued at $5.5 billion. However, Zomato has never made a profit in any quarter since its inception. Infact, while its revenues has increased significantly, its PAT (Profit after Tax) has actually declined QoQ.
Submitted September 05, 2022 at 03:10PM by pasy_eater https://ift.tt/StZf26P
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