Zomato is planning IPO filing, next month.
Zomato Pvt, an Indian food conveyance startup sponsored by Jack Ma's Ant Group, is wanting to document the draft plan by April for its first sale of stock that could raise about $650 million, as per individuals acquainted with the matter.
The organization could finish the posting in Mumbai before the finish of September, individuals said, requesting that not be recognized as the data is private.
Considerations are continuous and subtleties of the contribution, for example, size and course of events could change, individuals said. An agent for Zomato didn't quickly react to demands for input.
Established in 2008 in Delhi, the organization utilizes more than 5,000 individuals, as indicated by its site. Zomato as of late raised $250 million from financial backers including Kora Management and Fidelity Management and Research Co., esteeming the startup at $5.4 billion, as indicated by a trade documenting in February by Info Edge India Ltd., a current benefactor.
The pandemic has driven numerous Indian purchasers to move their spending internet, reinforcing the fortunes of web-based business firms like Zomato as they intend to open up to the world. Nykaa E-Retail Pvt, supported by TPG Capital, is wanting to list the organization in the nearby market and to look for a valuation of at any rate $3 billion.
