Zomato Wipes Out Nearly Half Of Investors’ Wealth In The First Four Months of 2022
Shortpedia
Content Team
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Shares of foodtech giant Zomato have wiped out nearly half of investors’ wealth in the first four months of 2022. The startup’s shares have crashed nearly 48% during this period. Zomato made a stellar stock market debut on July 14 last year, opening at a 53% premium over its IPO price and clinching a market capitalisation of INR 1 Lakh Cr.
