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So guys chronology samajh lijye #Zomato organises a call to start with
Aiming to get to adjusted Ebitda breakeven for overall Zomato business by Q4 this year.
Zomato downgrades investment in quick commerce (Blinkit) from $400 to $320 million . $150 MN invested so far.
Aiming to get to adjusted Ebitda breakeven for overall Zomato business by Q4 this year.
Zomato downgrades investment in quick commerce (Blinkit) from $400 to $320 million . $150 MN invested so far.
On these inconsequential statements , an “adjusted EBITDA” and realising that they were throwing away too much good money after bad money in #Blinket downgrade the investment to $320 million #Zomato shares climb 20% + in 2 days. 
Enters Bofa ML and launches block deal on behalf of Uber
Block deal for 61 cr sh/7.8% equity
Price range Rs 48-54/sh
Uber stake in Zomato was due to sale of its India Uber Eats biz in 2020
Uber Eats was valued at $200mn, assuming mid price range it will fetch Uber $380-400 mn
Block deal for 61 cr sh/7.8% equity
Price range Rs 48-54/sh
Uber stake in Zomato was due to sale of its India Uber Eats biz in 2020
Uber Eats was valued at $200mn, assuming mid price range it will fetch Uber $380-400 mn
