Ant-backed Zomato's roaring India debut sets pace for internet-based startups

Reuters2021-07-23

BENGALURU (Reuters) -Food delivery firm Zomato Ltd shares on Friday nearly doubled in a stellar first listing of a local unicorn in India, setting the pace for a slew of such debuts by internet-based ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

KianBee
2021-07-23
KianBee
Yes good
leewei
2021-07-23
leewei
yeah mam
- jazzspeed:
  yeah correct
- BhaskarB:
  Ok
leewei
2021-07-23
leewei
yeah

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1123961286?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2021-07-23 14:42","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1123961286","market":"us","top_or_hot":-1,"title":"Ant-backed Zomato's roaring India debut sets pace for internet-based startups","media":"Reuters","content":"<div>\n<p>BENGALURU (Reuters) -Food delivery firm Zomato Ltd shares on Friday nearly doubled in a stellar first listing of a local unicorn in India, setting the pace for a slew of such debuts by internet-based ...</p>\n\n<a href=\"https://www.reuters.com/article/zomato-listing/update-4-ant-backed-zomatos-roaring-india-debut-sets-pace-for-internet-startups-idUSL4N2OZ0LD\">Source Link</a>\n\n</div>\n","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Ant-backed Zomato's roaring India debut sets pace for internet-based startups</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAnt-backed Zomato's roaring India debut sets pace for internet-based startups\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-23 14:42 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.reuters.com/article/zomato-listing/update-4-ant-backed-zomatos-roaring-india-debut-sets-pace-for-internet-startups-idUSL4N2OZ0LD><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>BENGALURU (Reuters) -Food delivery firm Zomato Ltd shares on Friday nearly doubled in a stellar first listing of a local unicorn in India, setting the pace for a slew of such debuts by internet-based ...</p>\n\n<a href=\"https://www.reuters.com/article/zomato-listing/update-4-ant-backed-zomatos-roaring-india-debut-sets-pace-for-internet-startups-idUSL4N2OZ0LD\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BABA","symbol_name":"阿里巴巴","start_time":0,"source_url":"https://www.reuters.com/article/zomato-listing/update-4-ant-backed-zomatos-roaring-india-debut-sets-pace-for-internet-startups-idUSL4N2OZ0LD","article_id":"1123961286","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1123961286","pubTimestamp":1627022577,"columns":[],"sourceInfo":null,"weMediaInfo":null,"summary":"BENGALURU (Reuters) -Food delivery firm Zomato Ltd shares on Friday nearly doubled in a stellar firs","collect":0,"end_time":0,"defaultTopTitle":"reuters.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BABA":"阿里巴巴"},"translate_title":"蚂蚁支持的Zomato在印度的首次亮相为互联网初创企业设定了步伐","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BABA":0.9},"content_text":"BENGALURU (Reuters) -Food delivery firm Zomato Ltd shares on Friday nearly doubled in a stellar first listing of a local unicorn in India, setting the pace for a slew of such debuts by internet-based startups that are thriving during the COVID-19 pandemic.\nBerkshire Hathaway Inc-backed Paytm, hospitality company Oyo Hotels and ride-hailing firm Ola, both backed by SoftBank, are among the startups set to enter markets, riding on support from foreign funds and local investors.\nShares of Zomato, backed by China’s Ant Group, soared 82.8% after opening at 116 rupees in pre-open trade, a 53% premium to the offer price of 76 rupees for the 93.75 billion rupees IPO, valuing the company at about $12 billion.\n“Growth is key here. Zomato might not be profitable but it is growing exponentially and is enviably positioned to keep that momentum,” said Danni Hewson, a financial analyst with AJ Bell, an investment platform in England.\n“Being first in a sector that’s been so successful in other countries will whet the appetite even more.”\nZomato is the first startup to go public in India’s food delivery market, which research firm RedSeer estimated is worth $4.2 billion.\nThe home-grown food aggregator, launched in 2008, operates in about 525 cities in India and has partnered with close to 390,000 restaurants.\nIt offers home delivery of food, allows customers to book tables for dining-in and collates restaurant reviews, making it a competitor to SoftBank-backed Swiggy and Amazon.com’s food delivery service.\nThe company’s offering last week drew bids worth $46.3 billion as it was more than 38 times oversubscribed, with big institutional investors also placing major bets.\nZomato’s loss for the year ended March 31 narrowed to 8.13 billion rupees, while revenue from operations fell slightly year-on-year to 19.94 billion rupees.","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":175607898,"gmtCreate":1627027549014,"gmtModify":1703482703045,"author":{"id":"3560046052989643","authorId":"3560046052989643","name":"KianBee","avatar":"https://static.tigerbbs.com/8dd2b6b1ea7f8a60ed8a04ec736009b6","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3560046052989643","authorIdStr":"3560046052989643"},"htmlText":"Yes good","listText":"Yes good","text":"Yes good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/175607898","repostId":1123961286,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":175866312,"gmtCreate":1627023386136,"gmtModify":1703482623726,"author":{"id":"4089382061572310","authorId":"4089382061572310","name":"leewei","avatar":"https://static.tigerbbs.com/f64d3fc7a39447925250ff6ac479638d","vip":1,"hat":"https://static.tigerbbs.com/d30fc324d24ff33075e053005564f0df","crmLevel":3,"crmLevelSwitch":0,"idStr":"4089382061572310","authorIdStr":"4089382061572310"},"htmlText":"yeah mam","listText":"yeah mam","text":"yeah mam","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/175866312","repostId":1123961286,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5302980,"gmtCreate":1627024039344,"gmtModify":1663231367946,"authorId":3580340700781087,"author":{"id":3580340700781087,"idStr":"3580340700781087","authorId":3580340700781087,"name":"jazzspeed","avatar":"https://community-static.tradeup.com/news/279520f8a08ed94bc72bf186dcf094e9","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":175866312,"type":1,"supId":0,"prevId":0,"content":"yeah correct","text":"yeah correct","html":"yeah correct"},{"id":5303230,"gmtCreate":1627026599753,"gmtModify":1631884640729,"authorId":3576055655100541,"author":{"id":3576055655100541,"idStr":"3576055655100541","authorId":3576055655100541,"name":"BhaskarB","avatar":"https://static.tigerbbs.com/ae63d5d863287dbf3e7d25ef9ab845e0","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":175866312,"type":1,"supId":0,"prevId":0,"content":"Ok","text":"Ok","html":"Ok"}],"langContent":"EN"},{"id":175866076,"gmtCreate":1627023361195,"gmtModify":1703482623563,"author":{"id":"4089382061572310","authorId":"4089382061572310","name":"leewei","avatar":"https://static.tigerbbs.com/f64d3fc7a39447925250ff6ac479638d","vip":1,"hat":"https://static.tigerbbs.com/d30fc324d24ff33075e053005564f0df","crmLevel":3,"crmLevelSwitch":0,"idStr":"4089382061572310","authorIdStr":"4089382061572310"},"htmlText":"yeah","listText":"yeah","text":"yeah","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/175866076","repostId":1123961286,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":16,"commentSize":3,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1123961286"}