Zomato rebounds after brutal selloff! Should you buy or steer clear?
The current valuation of $4.5 billion is still above the initial investment price of many pre-IPO investors, triggering a selloff. New investors should let the price settle in, there will still be lots of opportunities to invest in Zomato. Also, one should look for signs of profitability, consistent organic growth and acquisitions showing signs of synergy to enter the stock as an investment.
