Why Zomato's share fallen to lowest ever?

 

Why Zomato's share fallen to lowest ever?

1. Zomato's share fell to under Rs 50, an all time low, on Monday (July 25), as the year-long lock-in period of its pre initial public offering (IPO) ended on Friday (July 22)

2. More than 613 crore shares of Zomato were under lock-in period from the date of allotment.

           e.g. 613 X Rs 50 = Rs 30,650 crore

3. Key shareholders of the company: 

       - UBER BV

       - INFOEDGE 

       - ANTFIN SINGAPORE

       - ALIPAY ,ETC

1. By 2023-24, the Quick Commerce segment will experience great competition, with Reliance Retail, Tata's Big Basket, Flipkart's Insta, Swiggy's Instamart having already entered the market, Zomato's blinkit face the tough competition in future after yesterday's fall in stock market.