I can’t say more than I have. I won’t say that Zomato is not a good business. But the valuation is absurd.
I sincerely hope you can 10x your money in this and it becomes your ‘multibagger’.
Personally I can’t believe that Zomato’s execution is better than that of their multiple competitors. For me it is a commoditised business.
Their market cap is far larger than their total addressable market.
Look at other stocks related to quick commerce and multiple markets across the Globe.
I see downside up to 95%.
I will repeat rule number one of investing is to never lose money and the rule number two is to never forget rule number one.
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