How Zomato’s cap desk has advanced through the years

Posted On Apr 22, 2021 By admin With Comments Off

As Zomato prepares to go public in the next few months at a valuation of anywhere between$ 6 billion and$ 8 billion, ET collaborated with data platform Tracxn to take a closer look at how its valuation have increased and its detonator table has evolved over the years.Zomato is expected to raise as much as $ 750 million to$ 1 billion through its IPO. This would help it build a much-needed war chest to take on chief rival Swiggy, which is also in the process of closing a $800 million fundraise, and e-commerce monstrous Amazon, which stirred its food-delivery debut last year.Info Edge, Zomato’s first institutional investor, which made a Rs 4.7 -crore investment in the company in August 2010, has a shareholding worth Rs 7,270 crore as per the latest regulatory filings.Another of Zomato’s largest shareholders is Ant Financial, which has been unable to participate in the company’s pre-IPO round after the authorities concerned stopped clearing Chinese speculations. It braces a 20% stake in the company, value Rs 7,729 crore. 8168040 2kako god, beginnings have confirmed to ET that ongoing secondary share buys will bring down Info Edge’s shareholding in the company to 17% and Ant Financial’s to around 15% in the run up to its IPO.ET had earlier reported that unlike in traditional IPOs, in situations of Zomato , no investor is likely to exit or take fund off the counter by selling their shares. “People think that Zomato will be a $50 -billion corporation in five years and that it would be unwise to sell shares right now, ” Deepinder Goyal, benefactor and CEO of Zomato, had said in a town hall earlier this year.

Read more: economictimes.indiatimes.com

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