How should investors look at Zomatos valuation?
Food delivery platform Zomato has filed it's Draft Red Herring Prospectus (DRHP) with the market regulator SEBI on April 28, 2021. According to the DRHP filed by Zomato, the company will offer equity shares aggregating up to Rs 8,250 crore. Of this, Rs 7,500 crore will be a fresh issue, while Rs 750 crore will be an offer for sale for its existing investor Info Edge. Here are the some of key financials and risks factory listed by the food delivery platform in its DRHP. PRO Only Highlights  - Quarterly performance largely backed by improved realisations  - Medium-term triggers China plus and protectionist measures for tyre industry  - Valuations not inexpensive; but improved medium-term outlook  Zomato, the food delivery startup, is hitting the primary market this week. The IPO price band of Rs 72-76 per share values Zomato at around $8 billion (~ Rs 60,000 crore). Zomato is the leading player in Indias two-player market of food delivery as of now, Swiggy being the other one. A third player, Amazon, also entered the food delivery market last year, though its operations are still limited to parts of Bangalore. While its market share has grown in recent years...