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Zomato Limited IPO
Open: July 14, 2021 | Close: July 16, 2021
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About the Business
Incorporated in 2010, Zomato Limited is one of the leading online Food Service platforms in terms of the value of food sold as of Dec 31, 2020. Its B2C offerings include food delivery and dining-out services where customers can search and discover restaurants, order food delivery, book a table, and make payments for dining out at restaurants while under the B2B segment, it generates revenue from Hyperpure (supply of high-quality ingredients and kitchen products to restaurants) and Zomato Pro, customer loyalty program.
As of December 31, 2020, Zomato has established a strong footprint across 23 countries with 131,233 active food delivery restaurants, 161,637 active delivery partners, and an average monthly food order of 10.7 million customers.
Funds from the fresh issue will be used for
The Company will utilize fresh issue proceeds to funding organic and inorganic growth initiatives and meet general corporate purposes.
Company Financials: (in crores)
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