A man in a Zomato T-shirt at a godown containing boxes of freshly packed apples, in Jammu and Kashmir.

essence

Zomato’s capital allocation has surprised many. Its investments in CureFit, ShipRocket, MagicPin and most recently Blinkit have been questioned. Zomato’s disregard for capital, governance and investors may reflect on technology companies that have listed or plan to list. Can Zomato succeed despite all this?

India is in the midst of an incredible digital revolution. It is quite clear that technology has improved the quality of life of every person on the planet in a very significant way. And no one is going back. Even if you are not the most skilled person in technology, you must have seen the power of technology in two areas – cab-hailing and food delivery. The idea is so simple and yet so powerful. Most important, these two daily uses

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