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.