HSBC | Pixr8 News

An HSBC analyst report marked down our valuation from $1b to $500m. For starters, this is very different from all the markdowns so far where investors have marked down their own investments. But given all the media reports, I got a lot of questions from people at Zomato about what’s going on. Here’s an email I sent to everybody at Zomato (2100 people currently across the world) to allay their concerns and answer their questions. Read on. Hello all, You must have woken up today to Google Alerts with mentions of Zomato’s valuation being marked down by HSBC. As you already know, the media is all over it, and we are trending on Twitter. Since the report isn’t public, and we all get troubled by where we are and where we are heading, here’s some context and detail around the HSBC ...

Not getting over Fund crunch cyclone in Indian startup ecosystem, it seems one more cyclone is going to hit Indian startups called as "valuation cut-off". After India's leading e-commerce company Flipkart valuation cut-off, the cyclone is hitting one more Indian startup "Zomato". The brokerage arm of HSBC's bank, HSBC Securities and Capital Markets has slashed the valuation of Zomato by half from $1 billion to $500 million. However, Info Edge which currently owns a 50.1% stake in the company disagreed with HSBC's estimate. In the note, which raised concerns around Zomato's ad-heavy business model, international operations and growing competition in the online food ordering segment, according to a report by Mint. What matters is that your business has strong fundamentals, positiv...

Tag: HSBC

A Reply To HSBC & Media From Deepinder Goyal (Founder of Zomato)

From Unicorn to Cockroach- Zomato Valuation Goes Half