Nobody who knows our business has marked down our valuations: Deepinder Goyal, CEO, Zomato

Nobody who knows our business has marked down our valuations: Deepinder Goyal, CEO, Zomato

Visual from Zomato website

In a season of markdowns restaurant listing and food delivery platform Zomato is the latest to be caught on the wrong side of analysts. A latest report by HSBC has marked down the valuation of the InfoEdge-led company by half to $500 million from when it last raised funds in September.

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