The valuation email that defined Zomato’s IPO: Why Sanjeev Bikhchandani’s advice to Deepinder Goyal still resonates

Days before Zomato’s historic listing in July 2021, Sanjeev Bikhchandani sent an email that now reads like a masterclass on IPO price discipline. The founder of Info Edge, one of Zomato’s early backers, told founder Deepinder Goyal not to chase a high-priced doll or let retail investors lose money. “Current shareholders should not feel short-changed […]