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Hsbc Global Research Puts Food Delivery Firm Zomato's Valuation At $5 Bn | Business Standard News

by business-standard.com posted 3weeks ago 41 views
Covid-19 has accelerated its path to profitability owing to lower discounts said HSBC Global Research in a report. : HSBC Global Research has valued food delivery firm Zomato at $5 billion, a major increase from its earlier valuation of $3.5 billion. “We now value Zomato at $5.0 billion ($3.5 billion earlier), as Covid-19 has accelerated its path to profitability owing to lower discounts (and higher average order values),” said HSBC Global Research in a report analysing Info Edge (IE), which is an existing shareholder in Zomato.

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