Zomato IPO shows public investors can be more zealous than PEs in driving up valuations

Table setting at Zomato Summit. Photo: Zomato

For years now, Indian investors who were shut out of the private capital markets have watched in awe and disbelief at the billions of dollars being poured into loss-making internet firms.

But with the Zomato IPO (initial public offering) opening the doors for public market investors to invest in these firms, it’s now the turn of private market investors to watch in awe and disbelief.

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