💎🔥 It's been 3 months since we launched @thecaptableco , and one development we’ve closely tracked & deeply reported on is Zomato’s IPO.
Why? Because Zomato’s IPO goes beyond what it means for the company. It drives the sentiment for the India's tech ecosystem. #Thread
🚨 🚨 Scoop: Zomato will increase the size of its public markets capital raise, after receiving a positive response from institutional investors for its roadshows. lnkd.in/gUFcctC
💰 🧑🤝🧑 For those who may not have followed the IPO that closely, some background. @deepigoyal has flipped Zomato’s fortunes in 18 months, and the journey has not had it easy. lnkd.in/gjhDZ6i [Free read]
💰💸 And this IPO will be a wealth creation opportunity for employees, as it should. To be more specific, about $500 mn will be made by Zomato’s top leadership. the-captable.com/2021/05/zomato…
💰💸 And there is more. Zomato's earliest investor #InfoEdge will make a mega return too. Read about that, and other important takeaways from Zomato’s IPO prospectus: lnkd.in/geNV7Sr [Free read]
🥘🥘 Uber, which sold its food-delivery business to Zomato is also seeing multibagger returns. [Free read] the-captable.com/2021/03/ubers-… [Free read]
. @vijayshekhar shares @Paytm stats for 2019
Paytm is the most comprehensive payment app, he says
300 million wallets
100 million UPI handles
220 million saved cards
55 million bank accounts
150 million annual transactions
Half a million deployment of all-in-one QR code
@vijayshekhar@Paytm In merchant payments - debit cards market share is being taken over by UPI, not wallet market share - @vijayshekhar says
@Zomato ’s H1 financial numbers 👇🏽
Says revenue up 225% to $205 million in the first six months of FY2020
Claims monthly burn rate down 60% in H1 compared to last year
Food delivery business GMV up 223% to $821 million