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 …
Zomato takes IPO route in search of new growth prospects in India, says GlobalData
It’s raining tech unicorns in India with increasing digital adoption, says GlobalData
Netherlands on track to phase out coal power by 2030, says GlobalData
New low-cost start-up Bonza Airlines set to fill void in Australia’s domestic routes, says GlobalDat...
Reduced risk of CV morbidity and mortality demonstrated in FIGARO-DKD study