 "Zomato, food delivery, online")
Zomato’s much-awaited initial public offering (IPO) has turned out to be a major winning bet for several private equity (PE) investors and early backers of the online food delivery company.
The existing shareholders of the company are set to make gains in the range of 50 per cent to 6,450 per cent on their investments as India’s first major e-commerce company launches its Rs 9,375-crore maiden offering next week.
Sanjeev Bikhchandani-led Info Edge — the biggest shareholder in the company with a 15.9 per cent stake on a post-listing basis — is sitting on the biggest gains. The average acquisition cost for
