Investors say our valuation is justified: Zomato
After HSBC slashed Zomato's valuation by 50%, CEO Deepinder Goyal sent an email to employees addressing their concerns on the valuation markdown. He said that "nobody who knows our business has marked down our valuations" and the existing investors have stated that Zomato's valuations are justified. He added that several analysts, VCs have called Zomato “the only defensible Indian unicorn”.