No need to buy Zomato now; wait for a move towards EBITDA positivity: Deepak Shenoy

“I feel they are significantly degrading the value Zomato has built over the years after overpaying. They are going to pay roughly Rs 7,500 crore in total for the Blinkit acquisition – Rs 4,500 crore in stock and Rs 3,000 crore in combined losses that they are going to have to fund for whatever they have already funded plus another 18 months. It is not worthwhile for a company like Zomato which was heading closer to a point of getting positive EBITDA.”