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Zomato s road to recovery

Zomato s road to recovery Want this newsletter delievered to your inbox? SUBSCRIBE Thank you for subscribing to Morning Dispatch We ll soon meet in your inbox. / Morning Dispatch Zomato’s food delivery business has been recovering well since the pandemic-induced lull last year, the company’s chief financial officer Akshant Goyal said while announcing the company’s initial public offering (IPO) yesterday. Goyal and Zomato cofounder Gaurav Gupta later spoke to ET on a variety of topics, including the changes that going public could entail. Also in this letter: Amazon India Twitter Zomato ‘recovering well’ after almost 25% revenue slump in FY21

Zomato may advance IPO

Zomato may advance IPO SUBSCRIBE Thank you for subscribing to Morning Dispatch We ll soon meet in your inbox. / Morning Dispatch Zomato, which was earlier expected to launch its initial public offer on July 19, may now do so five days sooner. Find out why the food delivery company is in a tearing hurry to go public. Also in this letter: India s SaaS sector could hit $1 trillion by 2030 PayPal Ventures leads $41 million funding in Shiprocket Zomato could bring forward IPO to July 14 Why? The company and its bankers want the launch to happen as quickly as possible, amid scepticism over the continuing strength of the recent market rally.

Zomato makes it official, no respite for Twitter

Zomato makes it official, no respite for Twitter
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Amazon s green shoots

Amazon s green shoots SUBSCRIBE Thank you for subscribing to Morning Dispatch We ll soon meet in your inbox. / Morning Dispatch Good morning, E-commerce firms took a battering at the start of the second Covid wave, but with various states easing lockdown restrictions, Amazon has seen a gradual increase in customers “across categories” over the past week. Also in this letter: Zomato’s Flipkart IPO India head With various cities and states easing lockdown restrictions, customers are returning to Amazon, the company’s India head Amit Agarwal told us. The e-commerce giant said it has been seeing increased traffic across categories over the past week.

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