Zomato is dressing up for its big IPO. Can its flywheel spin like Amazon and Meituan after listing?

“I don’t underestimate them. But I also don’t fear them,” said a rather unperturbed Deepinder Goyal, chief executive officer of Zomato, in an interaction with ET in March, when asked about Amazon throwing its hat in the food-delivery business in some areas of Bengaluru. For Amazon, the behemoth with cash to spare, the Bengaluru experiment could just be one of its many efforts to unlock more value and maybe forget about it later if it fails. For

( Originally published on May 13, 2021 )

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