Zomato IPO: Top shareholder Info Edge will sell shares worth Rs 7.5 billion in the IPO Food delivery startup Zomato, backed by China's Ant Group, has filed for an initial public offering of up to Rs 82.5 billion ($1.11 billion) as consumers increasingly turn to ordering food online during the COVID-19 pandemic. Launched in 2008, Zomato is one of India's most prominent startups. It is present in 24 countries and employs more than 5,000 people, according to its website. In February, the company had raised $250 million from five investors including hedge fund Tiger Global Management for a post-money valuation of $5.4 billion. According to draft papers submitted to India's market regulator on Wednesday, Zomato's offering will comprise a fresh issue of shares worth up to Rs 75 billion.