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What Zomato’s $12 Billion IPO Says About Tech Companies Today

Zomato, a food delivery company, is aiming to transform the eating habits of 1.36 billion people in India. In mid-July, its initial IPO was oversubscribed 35 times, giving it a valuation of $12 billion. Despite operating a traditional food business, Zomato epitomizes a modern tech company, and its successful IPO can teach us what a modern tech company is — and what it isn’t. It can transform whole industries, achieve expansion of scale and scope at breakneck speeds, and make enormous profits, all without requiring significant capital investments. The authors present six features that make Zomato a tech company. Read the rest of the post on Harvard Business Review.