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Zomato files papers for Rs 8,250 crore IPO

Revenue around Rs 2,960 crore. Online food delivery segment seen significant growth. New Delhi: Ant Group-backed online food ordering platform Zomato has filed preliminary papers with capital market regulator Sebi to raise Rs 8,250 crore through an initial share-sale at a time when the demand for its services is growing due to COVID-19 pandemic-related restrictions. The company s revenue in FY20 jumped over two-fold to around Rs 2,960 crore as compared to 2018-19 fiscal. The online food delivery segment has seen significant growth in the last few years with Zomato and Swiggy competing head-on to grab market share. The initial public offer (IPO) comprises fresh issue of equity shares worth Rs 7,500 crore and offer for sale to the tune of Rs 750 crore by Info Edge (India) Ltd, draft red herring prospectus (DRHP) filed with Securities and Exchange Board of India (Sebi) showed on Wednesday.

Zomato files for Rs 8,250 crore IPO; Info Edge to sell stake worth Rs 750 cr

: Wednesday, April 28, 2021, 11:11 AM IST Zomato files for Rs 8,250 crore IPO; Info Edge to sell stake worth Rs 750 cr Zomato IPO Zomato, the online food delivery platform, has filed for an Initial Public Offering of up to Rs 8,250 crore as as consumers increasingly turn to ordering food online during the COVID-19 pandemic. Draft papers submitted to the market regulator showed, Reuters said in a report. In a regulatory filing, Info Edge said, The Board of Directors of the Company today considered and have given their approval to the company to participate in the said Offer for Sale of up to such number of shares of Zomato Ltd as would aggregate up to Rs 7,500 million., it added.

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