Why Zomoto IPO is very important of startup ecosystem?
Zomato is a food delivery company which deliver foods to customer by app and website order placing. Zomato is the largest market share capture in food delivery. zomato is today leading company because of it's large delivery staff which works in days and in some part of india a night also. The ipo is very important for all startup icosystem becuase this will give one new door of opportunities to new startup companies to go in the way to list their companies in indian stock exchanges.
the second leading company swiggy also gave notification to all it's customer as "it's a big day for startup ecosystem" this shows the values of the startups which can be the next listing. Soon we can see swiggy and paytm IPO which will bring more startups to raise and get funds to run their business.
Zomato was oversubscribed in the very first day which shows how the indian market happy to be part of this great ipo. now the zomaoto share is listed in the exchange and live to buy/sell or trade. All the people who purchased the ipo have made good amount of returns at very short amount of time.
Risk and Rewards:
Now zomato came in the main market where they will be watched by the market. if they make good results then the price will increase. till now zomato is loss making company and if they want to sustain in the market then soon they have to be profitable.
Without making money the retail investors will not able to buy for longer run.right now the founders said that they will be using the funds to make more changes in the company and in the way to make this company a profitable company in the coming years.
We can see more startup ipo's in the upcoming days in which swiggy, paytm and flipkart can be in the list.
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