Tuesday, May 24, 2022

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    Zomato IPO

    Did you put one of the 40 crore online orders that Zomato delivered last year, even though we’ve been living in digital caves for over 16 months? And now you’re trying to figure out if you should participate in Zomato’s first public offering (IPO)?

    The business sold food for Rs 2,605 crore but lost Rs 2,386 crore, similar to Bitcoin. All of America’s, China’s, and Europe’s food-tech businesses are losing money. All of the procedures are quite costly, with estimates ranging from two to seven times yearly sales.

    This year, only Door Dash of America has shown a positive return, while four out of six international equities have produced negative returns. As a result, Zomato’s IPO price is in the risky territory.

    In conclusion, what should one do? Interested in investing in Zomato’s first public offering (IPO)? To maximize gains, one must acquire a good firm at the appropriate price and trust them to keep it long-term, riding the highs and lows of the economic cycle.

    Zomato has no doubt piqued the curiosity of its customers and has a bright future ahead of it. It is, however, quite costly. You may have to wait decades to get the desired outcomes.

    Those who cannot afford such costs should leave these risky investments to institutional investors.

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