zomato, it is and a necessary evil. we have dramatically shifted from delivering through zomato to driving business directly. two days before the ipo opened, the national restaurant association of india which claims to represent the interests of over 5000 restaurants in the country petition and reiterated the allegations to authorities, asking them to probe anti—competitive business practices by food aggregators and india. zomato refused to comment, so —— citing legal constraints. start—ups and constraints. sta rt—ups and india constraints. start—ups and india raised over $10 billion in the first half of this year alone. it is the scope for growth that is driving other unicorns like a mobile payments app unicorns like a mobile payments app and retail apps.— app and retail apps. what was exected app and retail apps. what was exoected to — app and retail apps. what was expected to happen _ app and retail apps. what was expected to happen in - app and retail apps. what was expected to happen in a - app and

indian food delivery startup zomato has launched its share sale today. the initial public offering is expected to value the company at something like $9 billion when it lists in mumbai. but more importantly, zomato will be the first online food delivery player, and the first in a long line of indian unicorn startups looking to list on the stock market this year. joining me now from delhi is arunoday mukharji. tell us more. well, this is hiuhl tell us more. well, this is highly anticipated - tell us more. well, this is highly anticipated for- tell us more. well, this is highly anticipated for the l highly anticipated for the reasons you mentioned but especially in the last year, ever since the pandemic it, zomato has become increasingly popular when we saw local and nationwide lockdown, many flocked to zomato to use that as the primary food delivery platform and that's why we saw, for instance, in comparison at the beginning of last year when orders are about $150 million, towards the end of last, they are $400 million. the point is these are all loss—m

it sent its launch, zomato is yet to make a profit. now the firm has gone public, the challenge will be to ensure profits. while zomato bets big, their growth has, the cost of restaurant owners, says this man. he used to run five outlets of this rent —— this restaurant. now it is down to only one. he says he is bleeding money because of the high commission rates, two charges businesses. commission rates, two charges businesses-— commission rates, two charges businesses. ., ., ., , . businesses. zomato in this pandemic is an unnecessary _ businesses. zomato in this pandemic is an unnecessary evil. _ businesses. zomato in this pandemic is an unnecessary evil. they - businesses. zomato in this pandemic is an unnecessary evil. they are - businesses. zomato in this pandemic is an unnecessary evil. they are not. is an unnecessary evil. they are not concerned with our profitability. and so we have drastically shifted from delivering through zomato, togetting business directly through customers. tiara togetting business directly through

food delivery and more, food giant zomato coming to the market in mumbai. we're looking at that. let's look at this, as well. high precision holding its meeting today, investors watching plans to expand while the company says the plant in china was not impacted. what they've also been saying is that they're not seeing impact from the world's chip shortage here, as well. they're on track to get over 10% margins, as well. of course, the pandemic hitting the hospitality industry perhaps worst of all, along with airlines and other travel related issues here. we're going to be talking about all that with the head of minor international, bill hynek he. bill has a significant property, not just in thailand but globally here, as well. yvonne: good to get him on the pulse of southeast asia. we'll get more on the story when it comes to didi, possibility of a record fine. here's what our guests have been saying all morning. >> so far there is little clarity. it's difficult to ascertain in the short-term. but again, we think the government is pro-innovation, generally, over the long-term, an