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Zomato may advance IPO

Zomato may advance IPO SUBSCRIBE Thank you for subscribing to Morning Dispatch We ll soon meet in your inbox. / Morning Dispatch Zomato, which was earlier expected to launch its initial public offer on July 19, may now do so five days sooner. Find out why the food delivery company is in a tearing hurry to go public. Also in this letter: India s SaaS sector could hit $1 trillion by 2030 PayPal Ventures leads $41 million funding in Shiprocket Zomato could bring forward IPO to July 14 Why? The company and its bankers want the launch to happen as quickly as possible, amid scepticism over the continuing strength of the recent market rally.

India hotel chain: Federation of Hotel & Restaurant Associations claims invalid

India’s hotel chain OYO believes claims made by the Federation of Hotel & Restaurant Associations of India (FHRAI) are invalid. India’s hotel chain OYO believes claims made by the Federation of Hotel & Restaurant Associations of India (FHRAI) are invalid. The hotel chain is rejecting recommendations made by FHRAI saying the organization has been misleading. While OYO will continue to engage with FHRAI and with its asset owners on a one-to-one basis, to resolve issues if any, the company strongly condemns the misplaced demands of certain organizations, claiming they are not in the best interest of consumers or asset owners. An OYO spokesperson who chose to remain anonymous stated:

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