Friday, 24 March, 2023

Zomato is expected to raise almost $1 bn through its IPO

<p>Zomato, the food-delivery app which is one the most successful Indian tech startups, is expected to raise over $750 mn to $1 bn through its IPO. No investor will likely exit or take money off the table by selling their shares. Deepinder Goyal, co-founder and CEO of Zomato said that the IPO will probably be a 100% primary offering and the company might end up raising more capital, rather than shareholders offloading stock in the open market.</p> <p>&nbsp;</p>