Indian food delivery giant Zomato advances $1.25b IPO to next week
Photo: Mint
Zomato, India’s largest online food delivery startup, has advanced its plans to launch its much-awaited initial public offering to next week, against its earlier plan of launching the offer on 19 July, said three people aware of the development, speaking on the condition of anonymity.
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Three months ago, the company was seeking a valuation of $8b.
The company plans to use the proceeds to fund its organic and inorganic growth initiatives.
