The American mobility service provider raised around ₹3,088 crore or $390 million at nearly 100% profit. In January 2020, Zomato had acquired Uber Eats’ India operations in a non-cash deal, following which Uber received a 9.19% stake in the restaurant discovery platform for around $200 million.
Nilesh Shah on why you should never predict the market
Nilesh Shah of Kotak AMC has advised people not to try to predict the market, stating that more often than not, they will be wrong.