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Zomato files for IPO, plans to raise Rs 8,250 crore


Zomato files for IPO, plans to raise Rs 8,250 crore
Info Edge has approved sale of the firm s stake worth Rs 750 crore in Zomato during the IPO
BusinessToday.In | April 28, 2021 | Updated 13:03 IST
Zomato plans to launch an IPO in the first half of this year, as per an internal email sent by founder and CEO Deepinder Goyal to the company s employees last year
Food delivery startup Zomato,backed by Ant Group, has filed for an initial public offering of up to Rs 8,250 crore ($1.11 billion), draft papers submitted to the market regulator showed on Wednesday.
Zomato plans to launch an IPO in the first half of this year, as per an internal email sent by founder and CEO Deepinder Goyal to the company s employees last year. The food-tech giant has been on a fundraising spree to fund the fresh issue, raising around $910 million from a bevy of investors throughout 2020 and early 2021. Zomato s valuation presently stands at $5.4 billion. ....

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Info Edge to tell stake worth Rs 750 crore in Zomato IPO


Info Edge to tell stake worth Rs 750 crore in Zomato IPO
Zomato, which started operations as a restaurant review and discovery platform, is planning to raise $650 million to $1 billion through the primary stake sale
BusinessToday.In | April 28, 2021 | Updated 02:08 IST
Info Edge board of directors have approved sale of the company s stake worth Rs 750 crore in Zomato during the latter s upcoming initial public offering (IPO). The parent company will offload the shares via offer for sale.
Zomato Limited is proposing an IPO of its Equity Shares, comprising a fresh issue of Equity Shares by Zomato Limited and an Offer For Sale by Info Edge (India) Limited, Info Edge said in a regulatory filing on Tuesday. ....

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