After more than two hours of deliberations on the basis of an 87-page dossier, the high-powered jury for the Economic Times Startup Awards 2023 selected the eight winners from a cohort of 38 nominees.
Synopsis
Goyal says Zomato spent almost one-third the money compared to competition to get here and has been very efficient..
ETtech
Bengaluru | Mumbai:
Zomato, the
first Indian unicorn to list on the bourses last month, will continue to chase growth and build a long-term business, cofounder Deepinder Goyal told ET, undeterred by questions raised on the food-delivery and restaurant-discovery platform’s profitability and eye-popping valuation.
The 38-year-old chief executive said that “life hasn’t changed drastically” after the company raised more than $1 billion from the public markets last month, vaulting it to the top league of publicly traded firms in India.
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Zomato s big-bang market debut mints 18 dollar millionaires
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Cofounder and chief executive Deepinder Goyal s 5.5% stake was worth Rs 4,650 crore at the close of trade.
ETtech
Zomato’s big-bang
public market debut on Friday has spawned about 18 dollar-millionaires.
Cofounder and chief executive Deepinder Goyal’s 5.5% stake, which included employee stock ownership plans (Esops), was worth Rs 4,650 crore ($624 million) at the close of trade.
Among other key executives, cofounder and chief technology officer Gunjan Patidar’s shares and Esops were cumulatively worth Rs 363 crore. Other top gainers included Mohit Gupta,
a cofounder and the head of new businesses at
Zomato, whose Esops were worth Rs 195 crore.
InfoEdge s Rs 4.7 crore investment in Zomato is now worth Rs 15,000 crore
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Reuters
FILE PHOTO: The logo of Indian food delivery company Zomato is seen on its app on a mobile phone displayed in front of its company website in this illustration picture taken July 14, 2021. REUTERS/Florence Lo/Illustration
Info Edge, the earliest and biggest backer of
Zomato, has seen the value of its stake in the company skyrocket to Rs 15,000 crore, or 1,050 times its initial investment of Rs 4.7 crore. On Friday, Zomato became the first new-age unicorn to list on the Indian stock exchanges. The stock, which opened at Rs 115 a share, rose nearly 10% to end the day at Rs 126.