Key Things To Know About Zomato’s Proposed Rs 8,250 Crore IPO

Online food ordering and delivery startup Zomato filed for an initial public offering of up to Rs 8,250 crore on Wednesday, April 28, as food delivery witnessed a surge amid the ongoing second wave of the COVID-19 pandemic in the country. Zomato is backed by China's Ant Group and was incorporated in 2008. It is now one of the most prominent startups in the country. According to its official website, Zomato has its presence in 24 countries across the globe and employs over 5,000 people. Zomato filed its draft red herring prospectus (DRHP) with market regulator Securities and Exchange Board of India or SEBI.


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