Two charts from Deutsche Bank and Bank of America Merrill Lynch this week show that shares are currently in "too good to be true" territory and if history is anything to go by they're due for a sharp correction.
The stocks have become untethered from reality.Other Info Edge investments, headquartered in Noida, Info Edge employs more than 2,500 people and operates through 59 offices in 35 cities in India.While Info Edge has transitioned to a majority shareholding, this will not transform the operating relationship between the investors and the founders who will continue to enjoy the same operating independence as earlier.The company will use the funds to beef up its market share and scale its sales operations in the dominant markets India and the UAE.Prior to the current round, it had raised Rs 31 crore in three rounds of external funding from Info Edge the first round in August 2010, the second in September 2011 and the third in September 2012.In short, US consumers aren't increasing discretionary spending at the same rate as shares are rising.Goyal declined to comment on the exact amount of the MenuMania deal, but added that two more such acquisitions of similar companies are in the pipeline in southeast Asia and eastern Europe.The company claims to be the largest food and restaurant portal in India with operations spanning 13 cities.
The investment has been made by acquiring ordinary shares of Zomato Media, according to a BSE filing.
MenuMania will be merged with Zomato within six months.
Services such as reservations, home delivery and special festivals generate significant revenue said Miten Sampat, business head at TimesCity, which has 48,500 restaurants listed across 11 Indian cities."It takes about 5-6 months to start tekken 3 3d pc game making money in a new market as restaurants take time to sign.With its organic and acquisition growth strategy Zomato aims to triple its revenue to about Rs 100 crore by next year.To solve this problem, Zomato is coming up with a product which will allow users in most Indian metros to pay restaurant bills through a mobile application.The consumer rally is currently closing in on such infamous bull runs as: the Dow's 1929 rally, also known as the Wall Street Crash; the Dow's 2000 run, remembered as the dotcom bubble; and the Nikkei's surge in 1987, aka the start of the Japanese.Companies are surging despite soft macroeconomic data and lukewarm signals from the US Federal Reserve.