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TMC workers vandalise party MLA's house alleging he took cash for posts

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US pledges $1 billion military aid for Ukraine — its biggest delivery of rockets, other arms so far

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Ranveer Singh’s nude photoshoot: PIL in HC seeks seizure of all printed copies of magazine

This Tata company under reported revenue: CAG

This Tata company under reported revenue: CAG

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Hollywood actor Ezra Miller who stars in The Flash, charged with stealing liquor bottles

Zomato gears to deliver billion dollar IPO, files papers with SEBI

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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