For Zomato's Big Listing, Here's Infosys' Review

Zomato has launched its much-anticipated initial public offering (IPO) to raise over Rs 9,300 crore

Infosys Chief Executive Salil Parekh has commended start-ups whose core growth engine has been the use of technology to become big and eventually launch a public share sale for raising funds for more growth. The congratulatory message from the Bengaluru-based software services giant's CEO comes on a day when food delivery company Zomato launched its much-anticipated initial public offering (IPO) to raise over Rs 9,300 crore - the country's biggest this year and the first of a series of public listings by tech unicorns. Mr Parekh, while taking questions during a conference call on the software services giant's first quarter results for fiscal 2022, said, "It's incredible to see the success of all of these companies, many based on technology. I think this is going to give a lot of boost to all tech companies in the country." Zomato's shareholders include subsidiaries of Uber and Jack Ma's Ant Group. Fresh shares priced at between Rs 72 and Rs 76 rupees are being issued under the IPO that will close on Friday.