Zomato Increases Paid-Up Capital For Pre-IPO Fundraise
Zomato Increases Paid-Up Capital For Pre-IPO Fundraise Share story Zomato may raise an addition $500 Mn soon, giving partial exits to its Chinese investors The company is looking at a valuation of $8 Bn in the public market, a spike from its current $3.9 Bn If all goes as per plan, InfoEdge may turn out to be the biggest stakeholder in the company Gurugram-based food aggregator Zomato’s plans to list publicly have gained momentum as the company has increased its paid-up capital by 3X in preparation of raising funds in the near future. The company’s paid-up capital has increased from INR 5...
Source: inc42.com
