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Food
HSBC brokerage slashes Zomato’s $1bn value by half
HSBC's brokerage arm - HSBC Securities and Capital Markets (India) - has cut the valuation of Zomato. The restaurant search service's valuation was slashed from $1 billion to $500 million.
The move comes close on the heels of a valuation downgrade in e-commerce player Flipkart...
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Wow! Momo enters instant noodles market with cup noodles, eyes Rs 100 cr revenue in 2 yrs
Besides the traditional retail opportunities, Wow! Noodles will also explore opportunities into inflight menus of Akasa Air, Air India...
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