Zomato listing historic; expect more new-age tech companies on bourses: White Oak Capital

Speaking in an interview with CNBC-TV18, Khemka said, “The euphoria is well justified. It is a very historical moment for the Indian equity market. It is a very exciting moment and hopefully bodes well for times to come for many more such new listings of new-age technology companies. This would open the doors for those to list, going forward.”

On valuation, he said, “Many of new-age companies would generate growth from their existing activities and adjacencies that they might enter into that would certainly justify the valuation, cannot talk about any specific company necessarily, but there would be failures and there will be great successes as has been the case with NASDAQ companies and the dot coms of the late 90s as well.”