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Time of India

Zomato delivered, but did the other listed unicorns?

Zomato delivered, but did the other listed unicorns? Visualisation by Mohommad Arshad via AI Synopsis Over the last few years, Indian startups have been mopping up substantial sums of money from public market investors. But have they brought in returns? By MANU P TOMS 6 Mins Read, Jul 31, 2025, 07:37 AM IST SHARE THIS NEWS Close Font Size Abc Small Small Abc Normal Normal Abc Large Close Zomato indeed delivered a sumptuous feast. If you managed to get the IPO allotment of Zomato stocks in July 2021, you would now be sitting on a cool 4x gains. Zomato, now rebranded its holding entity as Eternal, has transformed from a food-delivery app into a juggernaut dominating two of India's largest consumption categories – online food delivery and quick-commerce. Since 2021, the company's annual revenue has grown 4.5x, and it has maintained