Gurgaon-based Zomato to file IPO in April

Backed by Jack Ma’s Ant Group, the food delivery brand was started in 2008 by Deepinder Goyal and Pankaj Chaddah.
  • Nusra Deputy Features Editor
Zomato

Gurgaon-based food delivery start-up Zomato, is planning to file the draft prospectus by April for its initial public offering that could raise about $650 million.

According to reports, Zomato could complete the listing in Mumbai before the end of September, the people said, asking not to be identified as the information is private.

Also Read: Zomato closes $660m funding round, Deepinder Goyal

Backed by Jack Ma’s Ant Group, the food delivery brand was started in 2008 by Deepinder Goyal and Pankaj Chaddah.

It recently raised $250 million from investors, including Kora Management and Fidelity Management & Research Co., valuing the start-up at $5.4 billion, according to an exchange filing in February by Info Edge India, an existing backer.

Recently, the food delivery platform was in news when a Bengaluru-based model accused a delivery executive Kamraj of assaulting her.

May Interest: Zomato to cover legal expenses of its delivery executive, tweets Deepinder Goyal

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