Shocking answer from zomato CEO..?

It was only after the arrival of zomato company that many companies entered the market. It had entered the stock market in the month of July last year. The price of the stock, which initially saw a good uptrend, then saw a sudden decline where Zomato's share price fell sharply.
 In the meantime, Many have been waiting for the market to collapse for a long time. Only then will Deepinder Goyal rise again with strong performance. Zomato's share price, meanwhile, plummeted to $ 9.78 billion. He said that he will continue to implement. We will increase the value. We will reduce the cost. He also said that they will reduce their viewing of stocks more often. This comes after swiggy announced it would raise $ 10.7 billion in investment.
With this huge investment, Bangalore-based swiggy can be transformed into the 4th largest decacorn company. Shares of paytm and Nyka fell while zomato shares declined. There are also fears that this could have an impact on future tech companies. InfoEdge holds 15.23% stake in Zomato. Zomato's share price fell 45 percent to Rs 11,032 crore. It was Rs 20,190 crore earlier.
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Sowmiya Sriram

24/01/2022 11:55 PM