Zomato Lists For IPO Of Rs 8,250 Cr As It Logs Double Growth In 2020
Food delivery service giant Zomato is set to go public as its rapid growth has propelled it to file for an Initial Public Offering (IPO) worth Rs 8,250 crore. Currently having a $5.4-billion market value, Zomato's year-on-year revenue growth for FY2020 clocked double to around Rs 2,960 crore. Zomato has also renamed itself as Zomato Ltd. as a part of preparation to become a public limited company.