At Rs 64,365 cr ($8.6 bn+) at the upper-end Zomato will be more valuable than the combined value of 👇
Jubilant (Domino's - Rs 41,200 cr)
Burger King India (Rs 6,700 cr)
Westlife (McDonald's - Rs 8,500 cr)
BBQ Nation (Rs 3,500 cr)
Specialty Rest (Rs 350 cr)
= Rs 60,250 cr
It will be one of the top 75 listed companies in terms of market capitalisation on the Bombay Stock Exchange
Will be more valuable than Hero MotoCorp, Muthoot Finance
And just shy of Rs 68,000 crore market cap of first backer Info Edge
💎🔥 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
@madhavchanchani
@dugalira
& when all of them r grossly overvalued... BBQ was 500 cr valuaton in 6 months back... and now 3500... in between only their loss has grown..
@madhavchanchani
So that valuations is based on how much money they have raised so far, it does not tell how much yearly revenue they generate and all. There business model is yet to become profitable. Ideally valuation should be (total assets - total liabilities + cash in hand).
Thinking of applying for the upcoming Zomato IPO?
Here's a thread of crazy insights about the to-be Decacorn from a product as well investor perspective🧵