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Zomato takes IPO route in search of new growth prospects in India, says GlobalData



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Following the news that India-based online food aggregator Zomato Limited is all set to launch its three-day initial public offering (IPO) on 14 July 2021;
Alisha Bajpai Singh, Senior Analyst at GlobalData, a leading data and analytics company, offers her view:
“Zomato’s IPO is the biggest over the last one year after SBI Cards and Payments in March 2020, which was worth INR103.55bn. Zomato, which plans to raise INR93.75bn, is expected to outstretch its cash reserves to nearly INR150bn. In the fourth quarter of FY2021, it already raised a funding of INR18bn from investors including Tiger Global and …

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