Zomato files for ₹8,250 crore IPO | Editorji
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Zomato gears to deliver billion dollar IPO, files papers with SEBI

Apr 28, 2021 14:41 IST | By Editorji News Desk

After much anticipation food delivery and restaurant listing platform Zomato has filed for an initial public offering (IPO) with the markets regulator SEBI.

As per the draft prospectus filed by Zomato, the food-tech giant is looking to raise ₹8,250 crore, which is nearly $1.1 billion. Of this, ₹7,500 crore will be fresh issue, while ₹750 crore will be an offer for sale for its first investor Info Edge.

Zomato's revenue has jumped more than five times from ₹466 crore in FY18 to ₹2,604 crore in FY20. In a recent report brokerage house CLSA projected that India's food delivery business could be a $11 billion market in 5 years.

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