Now you can order groceries from Zomato app

Zomato has fixed a price band of Rs 72 to 76 per share for the IPO, which will open for subscription from July 14 to 16. The total IPO size is Rs 9,375 crore, comprising a fresh issue of equity shares worth Rs 9,000 crore and an offer-for-sale to the tune of Rs 375 crore by Info Edge (India) Ltd, Zomato said.

Food ordering platform Zomato, whose Rs 9,375 crore IPO opens on July 14, is set to launch a grocery section on its app soon. Recently, the company invested $100 million (around Rs 745 crore) for acquiring a minority stake in grocery delivery platform Grofers. "It (grocery) is a large opportunity. The online grocery is nascent right now but is growing rapidly not just in India but across the world.