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Will Amazon's food delivery ambitions dampen Zomato's Indian IPO plans?


Photo: Mint
March 12, 2021
“Whatever business you’re in, every night get down on your knees and say, ‘Please God, don’t let Amazon come into my business’”, Aswath Damodaran, professor of finance at the Stern School of Business had said at a Nordic Business Forum about two years ago. “… because whether Amazon makes money or not, I will guarantee you every other business in that industry will lose money,” he explained.
Damodaran cited the example of the retailer’s acquisition of a grocery firm, which led to a collective drop of $40 billion in the market capitalisation of other listed grocery companies. ....

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food delivery – NBC New York


After the coronavirus pandemic shuttered dining rooms across the country, restaurant owners quickly began relying on delivery and pick-up orders as their primary sources of income. For many dining establishments that don’t have a fleet of drivers, food delivery apps help introduce small businesses to a wider range of customers.
Coronavirus
May 1, 2020
For many U.S. shoppers, the coronavirus pandemic was the push they needed to stock their pantries by browsing online instead of store aisles. If the online shopping habit sticks even for a percentage of the new or more frequent customers it could represent a meaningful shift in an industry that’s been slow to go digital. Only about 3% or. ....

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