Zomato valuation absurd: Rakesh Jhunjhunwala

The sensational public markets debut of loss-making consumer technology startup Zomato got a royal snub from the country’s smartest and ace investor, Rakesh Jhunjhunwala. The loss-making food delivery start-up ended Day 1 (July 23) with a market cap of close to ₹1 trillion with the stock settling 65% higher to its IPO price of ₹76.

“I have learnt two important lessons [in investing]. The first lesson is what I buy is very, very important and [second] at what price I buy is most important. Good luck to Zomato. Let Zomato be worth ₹99,000 crore and Tesla be $600 billion or $6 trillion. I am not going to buy these stocks at this valuation,” said the Big Bull at a webinar organised by investment bank Equirus.

[IBSaurabh]

If Rajnigandha ever comes with IPO you know for a fact RJ would be backing it.

[arjunbhasin]

That's me talking about Stock market after 3 pegs

[piyushsomani]

Jhunjhunwala eagerly waiting for rajnigandha IPO😂

[victror]

I buy only those stocks in which I can do insider trading....RJ

[shashankke]

Unfortunately most us just focusing on him eating Vimal and being drunk.
Very few are trying to understand what he is saying.
It's GOLD that he saying

[varunbhola]

hardest person to interview ever in the history of mankind !

[Gogeta-bylu]

2:53 - Amazing fact in case you missed it. All best performing businesses of India have a Good valuation based on cash flow.
Their PE might be high - but their Cash flow is always 3-3.5 times. So, you should value based on cash flow.

[wowfinance]

The way RJ speaks, no one will guess he is the big bull of the Indian stock market ! lol.

[ishanrohera]

I can definitely say that Rakesh is telling the truth and not holding back because he is drunk 🙃😉

[Happiness_Key]

So after 9 months I am listening to this when Zomato is trading at 54 Rs...and agreeing what he said 9 months ago

[Tptshops]

😂😂Zomato not delivered food on time.. That reason he rejected zomato🤣🤣🤣

[chetan]

Please put subtitles, its very difficult to understand his accent

[neeljavia]

I know this guy is old and doesn't know about the new age startups.
However he's right about Zomato.
Everything is overvalued right now.
Tesla alone has a market cap more than the entire auto industry combine which is ludicrous.

[maverick]

RJ's got no neck and you literally made him drop his drink 😂

[sambitmukherjee]

4:26 "Jabh fatega naa, tab pitaji bhi milne wali nahi hain."
4:32 "The biggest bloody badmash in this is that SoftBank character."

[tiraandaz]

Is it just me or does anyone struggle to hear the last 3 words in RJ's every sentence?

[bhupendrasingh]

Believe him guys daru pi kar aadmi jhut nahi bolta.

[ThingsHybrid]

Now u understand why entrepreneurs are 10x investors!!

[saadparker]

Tiwari Seth speaks more clearly than him

[nerswns]

11:46 when everyone realized RJ is drunk and high on Vimal. A drunk mind speaks the sober heart