Vy Capital

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...

In a bid to move ahead from just a restaurant search and discovery service, Zomato now plans to launch a food marketplace. The Gurgaon-based portal will provide a single platform that will serve the restaurant and fast food industry...