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Indian food delivery startup Zomato files for $1.1 billion IPO Indian food delivery startup Zomato on Wednesday filed for an initial public offering, becoming the first tech unicorn startup from the world’s second largest internet market to do so. The 12-year-old Gurgaon-headquartered Indian startup, which counts Info Edge and Ant Group among its largest investors, plans to raise $1.1 billion from the IPO, it said in the filing. It intends to list on Indian stock exchanges NSE and BSE. Some k...

BENGALURU: Food delivery startup Zomato, backed by Chinas Ant Group, has filed for an initial public offering of up to Rs 8,250 crore ($1.11 billion), as consumers increasingly turn to ordering food online during the Covid-19 pandemic. Launched in 2008, Zomato is one of Indias most prominent startups. It is present in 24 countries and employs more than 5,000 people, according to its website. In February, the company raised $250 million from five investors including hedge fund Tiger Global Man...

Synopsis Zomato’s IPO is one of the most awaited in recent capital market history given that it will be among the first technology unicorns to be listed in India. Info Edge holds around 19 per cent stake in Zomato after the companys recent fund raising. Other major shareholders are Sequoia Capital, VY Investment and Deepinder Goyal. NEW DELHI: Food delivery services provider Zomato has filed a draft red herring prospectus (DRHP) for its upcoming initial public offering (IPO). The company and ...

All you wanted to know about the Rs 8,250-crore Zomato IPO: We decipher the internet economy’s most awaited DRHP! Moneycontrol 3 hours ago Ashwin Mohan © Ashwin Mohan All you wanted to know about the Rs 8,250-crore Zomato IPO: We decipher the internet economy’s most awaited DRHP! Food delivery platform Zomato has filed a draft red herring prospectus (DRHP) with market regulator SEBI to raise around Rs 8,250 crore via an initial public offer in one of the most eagerly an...

{{following ? "Following" : "Follow"}} Share: Jack Ma’s Ant Group and  Uber Technologies Inc (NYSE: UBER)-backed Indian food delivery start-up, Zomato, has proposed to raise $1.1 billion (INR82.5 billion) from an initial public offering (IPO), Nikkei Asia reports. What Happened: The IPO coincides with India’s brutal second wave of the pandemic. Zomato plans to sell shares worth INR75 billion in the primary market. The largest shareholder, Info Edge, is set to offer INR7.5 billion...

Key benchmark indices are trading firm in early trade on buying demand in index pivotals. At 9:25 IST, the barometer index, the S&P BSE Sensex, was up 341.25 points or 0.7% at 49,285.39. The Nifty 50 index was up 95.80 points or 0.65% at 14,748.85. The Sensex regained the psychological 49,000 mark in opening trade. The S&P BSE Mid-Cap index was up 0.58%. The S&P BSE Small-Cap index was up 0.74%. The market breadth, indicating the overall health of the market, is strong. On the BSE, 1522 shares...

At 11:37 hours, Bajaj Finance was quoting at Rs 5195, up 6.60 percent on the BSE

Market may open on a positive note April 28, 2021 Volatility, however, will rise ahead of F&O expiry Domestic markets are likely to remain positive on Wednesday despite mixed global cues. Short-covering ahead of F&O expiry (April contracts) on Thursday and relatively better preparedness to tackle the spread of Covid-19 seemed to have infused a positive sentiment in the market, said analysts. Though FPIs continue their selling, domestic funds and institutions resort to aggressive buying at low...

Info Edge on Tuesday said it will sell stake worth Rs 750 crore in the initial public offering (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 issue of equity shares by Zomato Ltd and an offer for sale by Info Edge (India) Ltd. "The Board of Directors of the Company today considered and have given their approval to the company to participate in the said Offer...

Info Edge, which has been an early backer of the foodtech platform, owned almost 18.4% stake in the company.