BEAMSTART Logo

Listed firms can't act like start-ups

Business Standard LogoBusiness Standard1 mo ago

Listed firms can't act like start-ups

Quick Summary AI Powered

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.


More Pictures


or

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: business-standard.com

Language: English

Reading Time: 3 minutes read

Article Length: 492 words

Coverage Area: India

Availability: Desktop Web, Mobile Web

News ID: 27579

View Article Analysis

About Business Standard

Business Standard Logo

Main Topics: EconomyFinance

Official Website: business-standard.com

Update Frequency: 253 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 2h ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

News Language: English

RSS Feed: Available (XML)

Website Security: Secure (HTTPS)

Publisher ID: #49

Publisher Details

BEAMSTART brings you the latest news, jobs, and events from all around the world on startups, technology, and business. Stay updated with industry news, plug-in to exciting events, and discover incredible career opportunities with the world's most innovative companies.

© Copyright 2022 BEAMSTART. All Rights Reserved.