Zomato M-Cap Falls Below $5 Bn, Share Price Hits Record Low Of INR 46

Zomato M-Cap Falls Below $5 Bn, Share Price Hits Record Low Of INR 46

SUMMARY

Before 10 AM on Monday (July 25), the shares had bottomed out at INR 46.05 apiece, the lowest-ever price

Zomato’s market cap has fallen to INR 36,195 Cr ($4.54 Bn), well below its last private valuation of $5.4 Bn

Zomato recorded INR 1,222.5 Cr in losses in FY22, 50% higher than INR 816.4 Cr in FY22

Listed foodtech startup Zomato’s share price hit an all-time low on Monday as its shares went below the INR 50 Mark for the first time since its listing, reaching as low as INR 46 during the early hours of the day’s trading.

Zomato’s shares opened at INR 51 today (July 25), however, the shares quickly took a tumble as trade volume increased and the price dipped below INR 50. Before 10 AM, the shares had bottomed out at INR 46.05 apiece, the lowest-ever price.

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