Zomato files for Rs 8,250 crore IPO: All you need to know

Zomato plans to use the proceeds from the IPO towards funding organising and inorganic growth initiatives and general corporate purposes. Here is all you need to know.

Popular Indian food delivery startup Zomato has filed for an initial public offering (IPO) to raise over Rs 8,000 crore and the company has submitted the Draft Red Herring Prospectus (DRHP) for the public issue to market regulator Sebi. While many companies have gone for the IPO route in 2021, this will be one of the most-anticipated public issues this year as Zomato is one of the market leaders in the food delivery segment.