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Zomato Raises $562 Million From Major Investors Before IPO
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07-14-2021, 02:21 PM
Post: #1
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Zomato Raises $562 Million From Major Investors Before IPO
Zomato, an Indian food delivery startup, said Tuesday evening that The company raised $562.3 million from major investors ahead of Wednesday's IPO. Zomato has guaranteed nearly 45 percent of the slot xo $1.3 billion it plans to raise through an IPO. The 12-year-old startup, headquartered in Gurgaon, revealed in a local stock exchange filing. Public sales open on Wednesday and close on Friday. Tiger Global, Fidelity, New World, Baillie Gifford, Government of Singapore, Canadian Pension Plan, Mirae Asset, T. Rowe Price and Steadview are among the investors supporting public market startups. Investors subscribed at Rs 76 ($1), the top of the price range for Zomato's shares, giving the Indian startup an implied value of $8.6 billion, up from $5.4 billion in the month. February this year |
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