Zomato gets GST demand and penalty order of 11.81 cr for the period of July 2017 to March 2021. Meanwhile, Zomato has not disclosed the interest amount applicable to the GST demand in the filing.
Ever wondered why investors fight on valuation of a company? Lets look at the formula below:
% given to investor = (Total amount you want to raise/Total valudation of the company) *100
So lower the valuation, higher % you have to give to the invest
FY24 Coal India revenue: ₹30672 Crore
FY24 Zomato revenue: ₹6274 Crore
Coal India pays more dividend than the revenue of Zomato.
Then why does Zomato have higher valuation than Coal India?
Electric vehicle maker Ather Energy is targeting a valuation of $2.4 billion for its IPO. This valuation will be up more than 80% from its last funding round in August.
Hero motocorp is the biggest investor in Ather.
idea : Upgrading the digital payment system to the more interactive hand payment methodology.
no more mobile
no more upi
no more internet
no more credit card
just your hand hold an account where you can load the amount and by placing your hand i