Synopsis
Zomato reported Rs 1,367.65 crore in revenue for the period April 1 to Dec 31, 2020, while its losses in the same period added up to Rs 684.15 crore.
Online food delivery and restaurant discovery platform Zomato filed its much- anticipated draft red herring prospectus (DRHP) with markets regulator Sebi on Wednesday, becoming the first big domestic consumer internet startup to soon go public in India.
Zomato said in its filing that it intends to raise Rs 8,250 crore in capital by offering the company’s equity shares for sale, of which Rs 7,500 crore will be through fresh issuance. The rest of the Rs 750 crore will be an offer for sale by existing shareholder Info Edge, Zomato’s earliest backer.