Zomato IPO gets SEBI's nod, issue listing likely in mid-July—check details
Zomato IPO has been given approval by market regulator Securities and Exchange Board of India (SEBI). The Online Food aggregator Zomato plans to raise Rs 8,250 crore from this IPO. Zomato had earlier in April moved Draft Red Herring Prospectus (DRHP) for its proposed initial public offering
Earlier, Zomato had raised $250 million a couple of months ago at a valuation of $5.4 Billion from Kora Management, Tiger Global, Fidelity, Dragoneer, and Bow Wave. Source: PTI