Listed firms can't act like start-ups

Business Standard LogoBusiness Standard1 mo ago

Listed firms can't act like start-ups

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For one, Zomato has just about Rs 1,250 crore on its balance sheet and is badly haemorrhaging, losing Rs 750 crore of cash from its operations in 2021-22 alone.

Last year, it reported a loss of almost Rs 1,100 crore and under the current business model, there is no chance that it will make a profit soon.

Zomato and CEO Deepinder Goyal was himself a 10 per cent shareholder of Blinkit until last year before selling it to Tiger Global.

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Article Details

Author / Journalist: Debashis Basu

Category: EconomyFinance

Topics: Support Subscription Zomato Deal Online Business Standard Journalism Crore Content Blinkit

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-07-04, 00:19:00

News Timezone: GMT +5:00

News Source URL:

Language: English

Reading Time: 3 minutes read

Article Length: 492 words

Coverage Area: India

Availability: Desktop Web, Mobile Web

News ID: 27579

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Headquarters: India

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Coverage Areas: India

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