This is the main reason why I really don’t even think about investing in newly listed start-ups even after been a very aggressive Investor.
The story is still not cooked yet and a great deal of consolidation will come through.
A great case is dot com in usa many were merged, acquired or even go bust.
In food tech just see Germany as a case study and follow the dots in whole world German market might be the market where we can just see the future as they all merger, aquisition, bankrupt and now monopoly have all happened.
They know Zomato can not be profitable from its core business of delivery be in next 8-10 years only after certain number of growth in per capita is there.
So they can still pitch there dominance by using thing that is called network and they are building over it and how it will play out is not something that i would bet on.
Atleast need some clarity over what can play out.
In all new age tech listing most sorted buisness is nykaa and then Zomato.