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Zomato revenue up at ₹2,604 crore in FY20 April 29, 2021 Food-tech aggregator intends to raise ₹8,250 crore through public listing Food-tech aggregator Zomato’s revenue from operations has grown from ₹466 crore in FY18 to ₹2,604 crore in FY20, signifying around 5.5x growth over the three-year period. Revenue from operations for the nine months ended December 31, 2020, stood at ₹1,301 crore. Zomato said that it has incurred a loss of ₹106.9 crore, ₹1,010 crore, ₹2,385.6 crore...

Explore Now MUMBAI/BENGALURU: Online food delivery and restaurant discovery platform Zomato filed its much-anticipated draft red herring prospectus (DRHP) with markets regulator Sebi on Wednesday, seeking to raise more than a billion dollars through a combination of fresh equity issue and sale of existing shares. Zomato said it intends to garner ₹8,250 crore (about $1.1 billion) through its public listing. Of this, ₹7,500 crore (approximately $1 billion) will be through a fresh issue of equ...

Indian food delivery giant Zomato files for $1.1 billion IPO Mukesh Ambani has ambitious plans for his mobile carrier and technology juggernaut Jio Platforms. Facebook and other American companies are investing billions in his vision for Indias internet. Posted: Apr 29, 2021 8:40 AM Updated: Apr 29, 2021 8:40 AM Posted By: By Michelle Toh, CNN Business Zomato, the Indian startup that acquired Ubers local food delivery business last year, is headed for a mega IPO. The company on Wednesday file...

5 hours ago Info Edge, one of Zomato’s earliest and largest shareholders, will sell shares worth ₹750 crores in the upcoming initial public offering (IPO), regulatory filings revealed. The food delivery company’s public offering is one of the most keenly anticipated IPOs and the company is expected to have a valuation of $6-$8 billion. The company filed a Draft Red Herring Prospectus (DRHP) today. “The Board of Directors of the Company today considered and have given their approval to...

» Info Edge shares jump by 2.5% as markets cheer its move to sell ₹750 crore worth shares in the upcoming Zomato IPO Info Edge shares jump by 2.5% as markets cheer its move to sell ₹750 crore worth shares in the upcoming Zomato IPO Sanchita DashApr 28, 2021, 10:03 IST Info Edge is one of the earliest backers of the $5.5 billion Zomato.BCCL/BI India Info Edge is one of the earliest backers of Zomato, now valued $5.5 billion. In a regulatory filing, Info Edge announced on Tuesday evening tha...

Synopsis It is expected to be one of the largest initial public offerings ever for an Internet startup in India ETtech Illustration: Rahul Awasthi Eleven years after it was founded, online food ordering and restaurant discovery platform Zomato took a big step toward a public listing on Wednesday. It is expected to be one of the largest initial public offerings ever for an Internet startup in India. A DRHP is a publicly available document of a company that is planning to raise money from the pub...

Microsofts quarterly sales grow on cloud business, shares fall slightly By grabbing market share in the booming market for cloud computing and expanding business services such as its Teams collaboration service and LinkedIn social network, Microsoft has become one of the worlds most valuable companies, worth close to $2 trillion Reuters | April 28, 2021 | Updated 10:39 IST Microsoft Corp on Tuesday met analysts quarterly sales expectations and beat profit estimates, but its shares fell slightl...

Info Edge share rises over 3% as firm to sell stake in Zomato IPO Info Edge stock touched an intraday high of Rs 5,100, rising 3.14% against previous close on BSE BusinessToday.In | April 28, 2021 | Updated 13:01 IST Info Edge share is trading higher than 5 day, 20 day, 50 day, 100 day and 200 day moving averages. Info Edge share rose over 3% today after board of directors of the firm approved sale of the companys stake worth Rs 750 crore in Zomato during the latters upcoming initial public of...

Explore Now Nifty futures on the Singapore Exchange traded 58.50 points, or 0.40 per cent, lower at 14,692 in signs that Dalal Street was headed for a negative start on Wednesday. Here are a few stocks which may buzz the most in todays trade: Info Edge: Info Edge said it will sell stake worth Rs 750 crore in the IPO of its investee company Zomato. In a regulatory filing, Info Edge said Zomato -- an online food delivery platform -- is proposing an IPO of its equity shares, comprising a fresh iss...

Stocks To Watch: Axis Bank, Britannia Industries, Info Edge (India) Axis Bank posted a net profit of Rs 2,677 crore for the quarter ended March 2021 on the back of a steep fall in bad loan provisions Updated: April 28, 2021 8:30 am IST Info Edge (India) will sell stake worth Rs 750 crore in the IPO of its investee company Zomato. The domestic stock markets are likely to open flat this morning. Trends on SGX Nifty indicate a flat start for the broader index in India. At 7:30 am, the Nifty fu...