(This story originally appeared in on Jul 12, 2021)MUMBAI: The valuation of food delivery major Zomato that’s going public through an IPO with an indicative market capitalization of around Rs 60,000 crore, has been a topic of much discussion on social media with many raising an eyebrow if it’s really worth that much.
People have mixed views. For some a tech-enabled company should be valued differently to a traditional company despite its losses. For some the IPO is a harvest opportunity for venture capital & private equity investors to offload their liability to retail investors, while some believe Indian food tech companies will reflect valuations earned by its global peers like DoorDash to a significant investor extent.
NEW DELHI â After a hacker made 13TB data of nearly 180 million orders of Domino s India with key details public on the Dark Web, Jubilant Foodworks that owns the master franchise for Domino s Pizza in India sent a letter to users May 25, saying that it has hired a global forensic agency to investigate the matter.
Domino s India said it suffered an information security incident on March 24 wherein its systems were attacked by a hacker. We moved quickly to contain the breach and hired an external agency to do an impact assessment. Domino s, as a policy, does not store financial details of users such as complete credit card number, CVV, passwords etc and therefore, no such information was compromised, the company said in the open letter.