Zomato, an Indian meal delivery service, has become the region’s first digital unicorn, with a market capitalization of $13.4 billion.
Zomato is a meal ordering and delivery, restaurant booking, and review platform that was founded in 2008. With over 32.1 million monthly active users, the site is currently available in 525 Indian cities.
“This tremendous response to our IPO gives us the confidence that the world is full of investors who appreciate the magnitude of investments we are making and take a long-term view of our business,” said Deepinder Goyal, co-founder of Zomato, in a blog post.
“We are going to relentlessly focus on ten years out and beyond and are not going to alter our course for short-term profits at the cost of the long-term success of the company,” he added.
