What Zomato’s $12 Billion IPO Says About Tech Companies Today
Zomato, a food delivery company, is aiming to transform the eating habits of 1.36 billion people in India. In mid-July, its initial IPO was oversubscribed 35 times, giving it a valuation of $12 billion. Despite operating a traditional food business, Zomato epitomizes a modern tech company, and its successful IPO can teach us what a modern tech company is — and what it isn’t. It can transform whole industries,...
Posted by: Vijay Govindarajan - 08/06/2021 at 08:44 am