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(Bloomberg) Zomato Ltd., the publicly traded food delivery company, has made an offer to acquire closely held Indian e-commerce shipping startup Shiprocket, according to people with knowledge of the matter.Most Read from BloombergIran Sends Warship to Red Sea After US Sinks Houthi BoatsTokyo Runway Collision Leaves 5 Dead, Airbus Aircraft AblazeHarvard’s President Claudine Gay to Resign After ControversyUS Pressured Netherlands to Block China-Bound Chip MachineryTech Bulls Lose Their Grip as
Ant-Backed Food App IPO 3,571% Oversubscribed by Anchor Funds bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
Ant-Backed Food App Boosts India IPO Target to $1.3 Billion
Saritha Rai, Bloomberg News A Zomato food delivery courier rides a motorcycle carrying a customer order in Mumbai, India, on Tuesday, Jan. 21, 2020. Uber Technologies Inc. will sell Uber Eats in India to local rival Zomato in a $172 million deal, according to a person familiar with the transaction, underscoring the ride-hailing giant s effort to cut back on loss-making operations. , Bloomberg
(Bloomberg) Zomato Ltd., the Indian food delivery startup backed by Jack Maâs Ant Group Co., plans to raise 93.75 billion rupees ($1.3 billion) in an initial public offering, boosting its target by about 14% as demand in its home market rises.