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Zomato is serving its pricey IPO at the time of a cold tech war in India

India’s current rate of spawning unicorns, or startups with at least a billion dollars in valuation, is almost three per month. But all that action is in private markets; practically nothing of the digital economy trades publicly. Which explains the nervous excitement over this week’s initial public offering by one of the country’s two dominant online food-delivery services. As China cracks down on data-heavy businesses from finance to ride-hailing, Zomato Ltd., backed by Jack Ma’s An...
New Delhi Mukesh Ambani Info Edge India Ltd Facebook Inc Zomato Ltd Tata Group

zomato IPO: Zomato serving a hot but pricey IPO during a tech cold war

India’s current rate of spawning unicorns, or startups with at least a billion dollars in valuation, is almost three per month. But all that action is in private markets; practically nothing of the digital economy trades publicly. Which explains the nervous excitement over this week’s initial public offering by one of the country’s two dominant online food-delivery services. As China cracks down on data-heavy businesses from finance to ride-hailing, Zomato Ltd., backed by Jack Ma’s Ant...
New Delhi Mukesh Ambani Info Edge India Ltd Facebook Inc Zomato Ltd Tata Group

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