12/03/2021 07:53 PM | Click to read full article
A moot question is if Amazon’s entry into the food delivery space will play spoilsport as far as Zomato’s planned initial public offering (IPO) goes. Of course, much depends on how long the buoyant mood in the primary market sustains.
It all depends on the extent to which Amazon scales up its food delivery business in India. Its initial offers in Bengaluru are certainly appetizing, with delivery charges being waived for Prime members, but restaurant options are limited.