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Zomato IPO News: Zomato Files For Rs 8,250 Crore IPO Amid Surge In Food Delivery; Five Key Takeaways

Online food ordering and delivery startup Zomato filed for an initial public offering of up to Rs 8,250 crore on Wednesday, April 28, as food delivery witnessed a surge amid the ongoing second wave of the COVID-19 pandemic in the country. Zomato is backed by China's Ant Group and was incorporated in 2008. It is now one of the most prominent startups in the country. According to its official website, Zomato has its presence in 24 countries across the globe and employs over 5,000 people. Zomato filed its draft red herring prospectus (DRHP) with market regulator Securities and Exchange Board of India or SEBI. ....

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Zomato IPO: Info Edge to sell shares worth Rs 750 crore


Zomato IPO: Info Edge to sell shares worth Rs 750 crore
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Zomato IPO: Info Edge to sell shares worth Rs 750 crore
TNN / Apr 27, 2021, 23:33 IST
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Zomato is expected to file the Draft Red Herring Prospectus (DRHP) for its IPO this week. (Representative image)
BENGALURU: Info Edge, an early investor in Zomato, said it will sell shares worth Rs 750 crore in the upcoming initial public offering (IPO) of the online food ordering platform.
In a stock exchange filing on Tuesday night, it said the sale would be through a combination of fresh issue of equity shares by Zomato Limited and an offer for sale (OFS) by Info Edge. ....

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Zomato starts 'priority' delivery for COVID-19 emergencies

Zomato starts 'priority' delivery for COVID-19 emergencies - Here's how to use it - Although this is a benevolent initiative by Zomato, the company has requested people to not ‘misuse’ it. ....

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PM SVANidhi Scheme: Zomato to tie up with 300 street vendors in 6 cities


Highlights
Aims at facilitating collateral free working capital loans.
Loans upto Rs 10,000 of 1 year tenure.
New Delhi: Online food ordering platform Zomato on Thursday announced that it will tie up with  street food vendors across 6 cities of India under the Prime Minister Street Vendor s AtmaNibhar Nidhi (PM SVANidhi) scheme.
An exchange of MoU was signed between Mission Director, PM SVANidhi in the Ministry and Vice President of Zomato.
As per the Mou, Zomato will launch a pilot product with 300 street food vendors in 6 cities Bhopal, Raipur, Patna, Vadodara, Nagpur and Ludhiana.
Zomato will provide PAN and FSSAI registrations, digitised menu, fix prices, train and certify vendors in food safety and hygiene, packaging, presentation and use of Zomato App, as part of the training process. It has been learnt that Zomato will upscale to 125 cities. ....

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Zomato received over 3200 orders per minute on New Year's eve


Zomato received over 3200 orders per minute on New Year s eve
Most people turned to food delivery apps Zomato and Swiggy to sort their house party menu but the surge in orders got a little out of hand for the companies.
Ankita Chakravarti | January 1, 2021 | Updated 13:20 IST
Highlights
COVID-19 forced many people to stay at home for New Year’s eve but that didn’t hamper their celebrations.
Zomato struggled to deliver orders as the order per minute count cross 3200 on Thursday evening.
As per the data shared by the company, users ordered Biryanis and Pizzas in large numbers.
COVID-19 forced many people to stay at home for New Year s eve but that didn t hamper their celebrations. Most people turned to food delivery apps Zomato and Swiggy to sort their house party menu but the surge in orders got a little out of hand for the companies. Zomato struggled to deliver orders as the order per minute count cross 3200 on Thursday evening. ....

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