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HSBC values Zomato at $3.6 billion

HSBC Global Research has valued restaurant discovery and food delivery service firm, Zomato, at $3.6 billion, or about Rs 25,000 crore. The latest valuation is 70% higher than the valuation commanded by Zomato during its recent fund raising exercise. The jump in valuation now ranks Zomato above its arch-rival Swiggy that was valued at $3.3 billion after a $1 billion funding announced in December. According to Zomato founder Deepinder Goyal, the company currently loses about Rs 24 per order.

Read More at The Economic Times News date : 14 Mar 2019, Thursday

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