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Zomato’s stock agonies, Limeroad’s payment woes

Madhav Chanchani

Bhumika Khatri

August 05, 2022 | 6 Min Read

The Crux newsletter this week. Zomato’s share prices have recouped slightly after a massive sell off, but is the worst over? Limeroad is promising delayed payments to its employees and suppliers, but with no clarity on funding will the company be able to stick to the timelines?

Zomato’s share price survives the sell-off, for now

2022 has been brutal for Zomato’s share price, which has fallen over 70% from Rs 142 in January to a low of Rs 40.6 last month.

When its one-year listing anniversary came around last month, the lock-up on the share sale restrictions on pre-IPO investors expired. allowing investors ranging from Tiger Global and Uber to Info Edge and Ant Financial, which collectively held over 75% of the company, to sell their shares.

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