IndiaTechDesk - India's Leading Tech and Startup Media Publication
  • Home
  • TOPICS
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Business
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Ecosystem & Lists
    • Enterprise & SaaS
    • FinTech
    • Gadgets & Electronics
    • Health & Bio
    • Investments
    • IoT
    • Marketplaces & E-commerce
    • Robotics
    • Transportation & Logistics
    • enterprise
    • SaaS
  • Venture capital
  • Events
  • Lists
No Result
View All Result
  • Home
  • TOPICS
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Business
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Ecosystem & Lists
    • Enterprise & SaaS
    • FinTech
    • Gadgets & Electronics
    • Health & Bio
    • Investments
    • IoT
    • Marketplaces & E-commerce
    • Robotics
    • Transportation & Logistics
    • enterprise
    • SaaS
  • Venture capital
  • Events
  • Lists
No Result
View All Result
IndiaTechDesk - India's Leading Tech and Startup Media Publication
No Result
View All Result
Home E-commerce

Indian food delivery startup, Zomato gets SEBI’s nod for IPO

IndiaTechDesk Editor by IndiaTechDesk Editor
July 6, 2021
in E-commerce, Indian Startups
56 2
0
How The Online Food Delivery Startups Fared During COVID-19 In 2020 And What’s Cooking For 2021?

Zomato might launch its share later in July

189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Indian food delivery startup, Zomato has got the nod of the Securities and Exchange Board of India (SEBI) to raise INR 8,250 crore through initial public offer (IPO) and offer for sale (OFS). This IPO offering comes when food delivery has witnessed a surge amid the second wave of the COVID-19 pandemic.

Zomato has been one of India’s biggest startup success stories over the past decade. It filed the Draft Herring Prospectus (DRHP) in April, which stated that the IPO would comprise a fresh issue of equity shares of the value of INR 7,500 crore and an offer-for-sale of around INR 750 crore by it current investors Info Edge (India) Limited.

However, on Sunday of July 4, 2021, the company has informed SEBI that it would reduce the offer-for-sale by half to around INR 375 crore. The official announcement of the price band has not been made by Zomato yet.

“The reviewed offer for sale by the company would include of such number of equity shares held by the company in Zomato, as would aggregate up to Rs 375 crore, the terms and conditions of which will be stated in the red herring prospectus and the prospectus filed concerning the offer, and in other Offer related documents and agreements,” Info Edge said in its BSE filing on July 4.

Zomato might go public by July end

Zomato might launch its share later this month as the startup has obtained its observation on July 2, an update capital markets regulator showed on July 5, 2021. The food delivery aggregator had submitted preliminary IPO papers with SEBI in April. SEBI’s opinion is crucial for any company to launch public issues like IPO, follow on public offer (FPO), and rights issues.

The shares are expected to be listed on BSE and NSE. Zomato had informed, in its draft red herring prospectus, that it intends to utilize the IPO earnings to fund organic and inorganic growth initiatives and for general corporate purposes.

The food delivery giant had raised $250 million in its pre-IPO primary fundraise a couple of months ago at a valuation of $5.4 billion from investors such as Kora Management, Tiger Global, Fidelity, Dragoneer and Bow Wave.

Tags: Covid-19Indian startupsIPOZomato
IndiaTechDesk Editor

IndiaTechDesk Editor

IndiaTechDesk is part of beSUCCESS Media group, focusing on Indian startup and tech news, trends and analysis. Write to us at press@indiatechdesk.com.

Related Posts

Facets.cloud secures seed funding
Indian Startups

Facets.cloud, raises $4 Million in Seed Funding to Aid Developer Productivity in Cloud Deployment

August 31, 2023
Technical Textiles Startups, India
Indian Startups

Indian Government will Provide 50 Lakh under Grant Program to Boost Technical Textiles Startups

August 30, 2023
Zepto, Quick Commerce unicorn
E-commerce

Zepto, a Quick Commerce Platform Secures $200 Million in Series-E Funding, Achieves Unicorn Status

August 28, 2023
Meesho logo, symbolizing innovation and success in the Indian startup landscape.
E-commerce

Meesho, a Beacon of Profitability Shines through Indian Startup’s Funding Frost

August 7, 2023
Startup Funding Crisis
Indian Startups

Funding Winter Forces Indian Startups to LayOff Thousands Amid Economic Downturn

July 31, 2023
Wiom Raises $17 Million in Series A Round to Democratize Affordable Internet Access in India
Indian Startups

Wiom Raises $17 Million in Series A Round to Democratize Affordable Internet Access in India

July 27, 2023
No Result
View All Result

Trending Posts

  • Atlys Secures $12 Million in Series A Funding to Transform Visa Application Process
    Atlys Secures $12 Million in Series A Funding to Transform Visa Application Process
    by MinSeptember 21, 2023
  • 5 Steps to Secure Capital From VC Firms in India
    5 Steps to Secure Capital From VC Firms in India
    by IndiaTechDesk EditorJanuary 28, 2020
  • 5 Most Recent Startup Failures in India
    5 Most Recent Startup Failures in India
    by IndiaTechDesk EditorJanuary 24, 2020
  • 6 Active Angel Investors in India For 2020
    6 Active Angel Investors in India For 2020
    by IndiaTechDesk EditorJanuary 22, 2020
  • Top 5 Low-cost High-profit Business Ideas in India for 2020
    Top 5 Low-cost High-profit Business Ideas in India for 2020
    by IndiaTechDesk EditorJanuary 21, 2020
  • 6 Startup Laws in India You Should Consider To Get Started
    6 Startup Laws in India You Should Consider To Get Started
    by IndiaTechDesk EditorJanuary 20, 2020
  • Top 5 Startup Programs by the Indian Government
    Top 5 Startup Programs by the Indian Government
    by IndiaTechDesk EditorJanuary 17, 2020
  • Top 5 Startup Predictions for India in 2020
    Top 5 Startup Predictions for India in 2020
    by IndiaTechDesk EditorJanuary 15, 2020
  • 5 Biggest Indian Startup Acquisitions of 2019
    5 Biggest Indian Startup Acquisitions of 2019
    by IndiaTechDesk EditorJanuary 14, 2020
  • 5 Best-Kept Secrets of Amazon’s Incredible Success in India
    5 Best-Kept Secrets of Amazon’s Incredible Success in India
    by IndiaTechDesk EditorJanuary 12, 2020




Products

Apple 20W USB-C Power Adapter

Apple MagSafe Battery Pack

Apple AirPods Pro (2nd Generation) Wireless Earbuds

Apple Lightning to USB Cable

ABOUT US

IndiaTechDesk is obsessed with the Indian startup ecosystem, offering intelligent, engaging coverage of the innovations, emerging startups, and entrepreneurship in India.....read more

Follow Us

FREE NEWSLETTER

 

Categories
  • Accelerator
  • Agriculture
  • AI & Big Data
  • AR & VR
  • Bitcoin
  • Blockchain
  • Business
  • Clean Technology
  • Competitions
  • Content & Games
  • Coronavirus
  • Cryptocurrency
  • Cybersecurity
  • E-commerce
  • Ecosystem & Lists
  • Education
  • enterprise
  • Enterprise & SaaS
  • entertainment
  • Events
  • featured
  • FinTech
  • Gadgets & Electronics
  • Gaming
  • Guide
  • Health & Bio
  • Incubator
  • Indian Startups
  • Indian Women
  • Insurance
  • Interviews
  • Investments
  • IoT
  • Manufacturing
  • Market
  • Marketplaces & E-commerce
  • Regulation
  • Robotics
  • SaaS
  • Space Startup
  • Transportation & Logistics
  • Travel
  • Uncategorized
  • Venture capital
  • “Contact: press@indiatechdesk.com”
  • Terms of Use
  • Privacy Policy
  • Cookie Policy
  • About Us

Copyright © 2023 indiatechdesk.com

No Result
View All Result
  • Home
  • TOPICS
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Business
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Ecosystem & Lists
    • Enterprise & SaaS
    • FinTech
    • Gadgets & Electronics
    • Health & Bio
    • Investments
    • IoT
    • Marketplaces & E-commerce
    • Robotics
    • Transportation & Logistics
    • enterprise
    • SaaS
  • Venture capital
  • Events
  • Lists

Copyright © 2023 indiatechdesk.com

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In