There are several interesting aspects to the listing of food delivery start-up Zomato, which filed for its initial public offering (IPO) on Wednesday. First, It’s a big issue, targeting to raise Rs 8,250 crore ($1.1 billion), including the sale of Rs 750 crore worth of stake from early investor Info Edge.
This could provide a boost to the start-up sector and inspire other companies in this space to tap the IPO market. Start-ups such as Policybazaar, Nykaa, Delhivery, and MobiKwik are all rumoured to be planning their IPOs this financial year. Listings such as IndiaMart, and Infibeam ...
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