The corporate on Wednesday filed for an preliminary public providing in Mumbai that would increase as much as 82.5 billion rupees ($1.1 billion). That will be India’s largest IPO to date this 12 months, in line with Dealogic.
Zomato can be contemplating privately elevating as much as 15 billion rupees ($201.1 million) earlier than it hits the market, which may cut back the quantity it plans to lift publicly, it added.
The itemizing is a serious second for India’s tech trade.
— Diksha Madhok contributed reporting.