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Zomato shuts down UK and Singapore subsidiaries permanently

Zomato shuts down UK and Singapore subsidiaries permanently
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Zomato To Dissolve Singapore & UK-Based Subsidiaries

Zomato To Dissolve Singapore & UK-Based Subsidiaries
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How Zomato Failed To Crack Global Market

How Zomato Failed To Crack Global Market Jul 10 2021, 12:19 PM July 10 2021, 9:56 AM July 10 2021, 12:19 PM While expanding in India, Zomato Ltd. targeted a global push through a string of acquisitions in the last seven years. But the food delivery company, with its initial public offering lined up next week, hasn’t had luck overseas.“We are very focused on India as an opportunity and a lot of mindshare goes there. We believe we have so much to do in India and that’s how we are building up,” Gaurav Gupta, co-founder and chief supply office. While expanding in India, Zomato Ltd. targeted a global push through a string of acquisitions in the last seven years. But the food delivery company, with its initial public offering lined up next week, hasn’t had luck overseas.

zomato IPO: As countdown begins for Zomato IPO, a Rs 14,000 crore question looms

NEW DELHI: Where will the IPO-bound Zomato put its huge cash pile to work? This question is worth Rs 14,000 crore, and how! Despite improved unit economics and lower cash burn, Zomato went on a fund-raising spree in FY21, with Rs 4,800 crore worth of equity capital raised in the first nine months and another funding round of Rs 1,800 crore came in February, making analysts wonder what will the Indian multinational restaurant aggregator and food delivery company do with the cash on balance sheet post its Rs 8,250 crore IPO. The proposed offer will comprise Rs 7,500 crore worth of fresh issue and Rs 750 crore worth of share sale by Info Edge.

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