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Synopsis After its latest fund raising from Tiger Global and few others, the company was valued at $5.4 billion, making it one of the highest valued startups in India. iStock Zomato could command valuations of $10 billion or more by the time its shares start trading on the stock exchanges. Related MUMBAI: The first-ever technology company IPO in India, that of Zomato, is set to be the biggest event of 2021 for the Indian capital market. IPOs of companies that belong to sunrise sectors have often met with much frenzy. This frenzy to grab a piece of the blooming Indian food technology sector, some market participants believe, could be so intense that Zomato could command valuations of a decacorn ($10 billion or more) by the time its shares start trading on the stock exchanges. ....
44 PMS schemes outperform Nifty in December; mutli-cap funds lead the show Negen Capital s Smallcap Emerging fund was the top gainer in December, rising 12.83 percent on a month-on-month basis January 13, 2021 / 03:46 PM IST The Indian market ended calendar 2020 on a high with Nifty rising about 7.8 percent in December. In comparison, Smallcap and Midcap indices underperformed but still delivered strong returns at 7.2 percent and 5.7 percent, respectively. Meanwhile, BSE 500, which is often considered a proxy to corporate India, surged 7.7 during December 2020 The stellar performance was also visible in the returns of Portfolio Management Schemes (PMSes) as all the strategies PMSBazaar.com looked at reported positive returns for the month. Smallcap and multicap funds led the charge logging double-digit returns in December. ....