What Zomato’s IPO Filing Reveals About Its Business in india
Zomato, one of India’s two largest food ordering and delivery companies, filed its draft prospectus with the market regulator to launch an initial public offering as it plans to raise growth capital for the post-Covid digital world.It joins the likes of other food-tech giants like U.K.-based Deliveroo and U.S.-based Doordash, both of which have gone public during the pandemic in the last six months.
Eleven years after it was founded, online food ordering and restaurant discovery platform Zomato took a big step toward a public listing on Wednesday.
Zomato’s IPO will be the first in a series of public listings by internet startups, including Policybazaar, Nykaa and Delhivery, over the next few months.
A DRHP is a publicly available document of a company that is planning to raise money from the public which it files with the market regulator. It outlines critical information and details about its business operations and financials. This includes details about its promoters, reason for raising money, how the money will be used, risks involved with investing in the company, and so on.
Eleven years after it was founded, online food ordering and restaurant discovery platform Zomato took a big step toward a public listing on Wednesday.
Zomato’s IPO will be the first in a series of public listings by internet startups, including Policybazaar, Nykaa and Delhivery, over the next few months.
A DRHP is a publicly available document of a company that is planning to raise money from the public which it files with the market regulator. It outlines critical information and details about its business operations and financials. This includes details about its promoters, reason for raising money, how the money will be used, risks involved with investing in the company, and so on.