Gurgaon based startup Delhivery’s valuation stands at US$2bn as per Hurun Global Unicorn List 2020. The Economic Times reported recently that Zomato is likely to raise $750mn-$1 billion through its IPO at a valuation of $6-$8 billion. Zomato also offers services including online ordering, table reservation, white-label platform, and point-of-sale system to connect restaurants to … Zomato IPO: In its last fund raising round, Zomato was valued at 15 times EV/Sales for FY20, a discount to … It is used by consumers to discover, rate, and review restaurants. Zomato … It is worth mentioning that Zomato had raised USD 250 million or over Rs 1,800 crore in funding from Tiger Global, Kora and others, taking its valuation to USD 5.4 billion. Zomato is a restaurant search and reservation app. The company holds 170th Rank in the list this year. What is the valuation that Zomato could command? In what could be a sign of its sharply narrowing losses, the company has reduced its burn rate to Rs 682 crore in the nine-month period ended December 31, 2020. It began its operations in the year 2011 after it was founded by Bhavesh Manglani, Kapil Bharati, Mohit Tandon, Sahil … In July last year, Zomato said it expected its monthly burn rate to be less than $1 million, which marks a significant decrease from an estimated $50 million monthly burn in early 2019.
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