The growth in investors base on BSE seen over the Covid year so far has not been witnessed in the last 25 years
India’s organized food services market is expected to grow at about 10.5% CAGR to $37 billion over FY2020-25E, capturing a 46% market share, up from 40% at present
Angel Broking said if Indian investors look beyond the immediate warning signs, there is a silver lining on the horizon
The company said that Zomato is proposing an IPO of its equity shares, comprising a fresh issue of equity shares by Zomato and an offer for sale by Info Edge (India).
Proceeds from the fresh issue would be used towards funding organic and inorganic growth initiatives; and general corporate purposes.