As Zomato works on IPO, will Amazon play party pooper?
MUMBAI: “Whatever business you’re in, every night get down on your knees and say, ‘Please God, don’t let Amazon come into my business’”, Aswath Damodaran, professor of finance at the Stern School of Business had said at a Nordic Business Forum about two years ago. “… because whether Amazon makes money or not, I will guarantee you every other business in that industry will lose money,” he explained. Damodaran cited the example of the retailer’s acquisition of a grocery firm, which led to a collective drop of $40 billion in the market capitalisation of other listed grocery companies.
