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Zomato's Rs 8,250-crore IPO can deliver boost to consumption sector

Projections suggest online food delivery market should grow to $22 billion by 2025

zomato, zomato delivery partners
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Devangshu Datta
There are several interesting aspects to the listing of food delivery start-up Zomato, which filed for its initial public offering (IPO) on Wednesday.
 
First, It’s a big issue, targeting to raise Rs 8,250 crore ($1.1 billion), including the sale of Rs 750 crore worth of stake from early investor Info Edge.
 
This could provide a boost to the start-up sector and inspire other companies in this space to tap the IPO market. Start-ups such as Policybazaar, Nykaa, Delhivery, and MobiKwik are all rumoured to be planning their IPOs this financial year. Listings such as IndiaMart, and Infibeam have

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First Published: Apr 29 2021 | 12:28 AM IST

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