zomato IPO: As countdown begins for Zomato IPO, a Rs 14,000 crore question looms
NEW DELHI: Where will the IPO-bound Zomato put its huge cash pile to work? This question is worth Rs 14,000 crore, and how! Despite improved unit economics and lower cash burn, Zomato went on a fund-raising spree in FY21, with Rs 4,800 crore worth of equity capital raised in the first nine months and another funding round of Rs 1,800 crore came in February, making analysts wonder what will the Indian multinational restaurant aggregator and food delivery company do with the cash on balance sheet post its Rs 8,250 crore IPO. The proposed offer will comprise Rs 7,500 crore worth of fresh issue a...
Source: indiatimes.com