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In the run-up to Zomato’s IPO, there was a divide between top fund managers and investors. On one side, Nilesh Shah, MD, Kotak Mutual Fund, supported the recent trend of Indian new-age companies going public, and said the trend had the potential to attract global investors who have burnt their hands in China. Zomato’s success would give confidence to new-age tech companies planning to go public, along with their merchant bankers, to move ahead, industry players said. Digital payment solutions companies PayTM and Mobikwik, online auto classified company CarTrade and e-commerce logistics startup Delhivery have already filed for IPOs. There are also a host of other such tech-enabled companies in their late stage of PE-driven growth for which Zomato was a test-case.
In October 2018, it raised $210 million from Alibaba’s payment affiliate Ant Financia, which received an ownership stake of over 10% of the company as part of the round, which valued Zomato at around $2 billion. Zomato had also raised an additional $150 million from Ant Financial earlier in 2018. This round of funding was being led jointly by Info Edge India and Vy Capital, with participation from Sequoia Capital. The earnings displayed on this page are the earnings before interest and taxes or simply EBIT. “We think that is the size of ammunition that we need to deploy to be able to do justice to this category,” Swiggy CEO Sriharsha Majety says.
Unable to evaluate ZOMATO’s dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts. For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway. Zomato said the security measures it uses to ensure the stolen passwords cannot be converted back into normal text, but it still urged users who use the same password on other services to change them. It also logged the affected users out of the app and reset their passwords. “So far, it looks like an internal security breach – some employee’s development account got compromised”, the company said in a blog post but later, when Zomato contacted the hacker, they discovered a loophole in their security. The hacker removed the stolen content from Dark Web asking for a healthy bug bounty programme.
Dividend Yield calculates the amount of full year dividend declared by a company as a percentage of the current market price of a stock. All other things being equal, higher the dividend yield of the stock, the better it is for investors. Price to Book represents the ratio of current market price of a stock to its book value per share. The book value itself is arrived at by dividing the net worth of a company by the total number of shares outstanding of the company at that time.
The stock has declined 11% in the last four trading sessions, and now trades closer to its record registered on its debut day, July 23, 2021. 375 crore by existing investor Info Edge , which is the parent company of Naukri.com. Newly-listed startups such as Zomato, Nykaa and Policybazaar are among the 10 stocks that are likely to find a place in the Association of Mutual Funds in India’s large-cap category of stocks, according to brokerage Edelweiss. While there were doubts cast on the IPO and the overall tech and startup ecosystem – http://www.google.co.uk/search?hl=en&gl=us&tbm=nws&q=startup%20ecosystem&gs_l=news was unsure how Paytm’s listing will impact sentiments, not many expected a rout that unfolded on Nov 18. “There is an important lesson here for all of us which I want to reiterate – we cannot control the market’s sentiments or the macro economic factors which also significantly impact our valuations,” Goyal said.
The blockbuster IPOs of new-age tech companies, such as Zomato and Nykaa, show the valuation game has changed, as focus shifts from earnings to growth potential. While Invesco will pour in $200 million, other existing investors such as Softbank will also participate. The deal values Swiggy, formally known as Bundl Technologies – https://twitter.com/search?q=Bundl%20Technologies&src=typd Pvt., at about $10.5 billion. Get all the information on mutual fund schemes and the names of institutions which invested in a company. According to reports, OYO was also looking at a valuation of $7 billion, a 33 percent decrease from initial reports that said the company was looking to be valued at $9 billion. Unable to evaluate ZOMATO’s dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.