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.@Zomato's IPO could make the company as valuable as one of its biggest investors – #InfoEdge - by @SanchDash
businessinsider.in/business/start…
businessinsider.in/business/start…
@Zomato @SanchDash #Zomato had recently got everyone’s attention with its latest funding rounds, and the gaze on the startup doubled as it was known to be a pre-IPO round. It's imminent listing sheds light on another company – its first and one of the biggest investors Info Edge.
@Zomato @SanchDash While #Zomato has a $3.5 billion valuation now, analysts at HSBC peg the valuation to hit $5 billion – which makes Zomato almost as big as its investor – Info Edge. #infoedge owns a 22.71% stake in Zomato and has been one of the earliest backers of the foodtech unicorn.
