Zomato gets IPO listing, Here's a quick look at the startup’s topsy-turvy ride

Zomato is planning to raise Rs 8,250 crore and offering Rs 72-76 per share with multiples of 195. The  Ant Group-backed food ordering platform has seen significant growth in the last few years with Zomato and Swiggy competing head-on to grab market share.

Food delivery platform Zomato is set to become the first startup to get listed in the Indian market. The company will open its Initial Public Offering (IPO) on July 14, and will close it on July 16. Zomato is planning to raise Rs 8,250 crore and offering Rs 72-76 per share with multiples of 195. The  Ant Group-backed food ordering platform has seen significant growth in the last few years with Zomato and Swiggy competing head-on to grab market share. Zomato's FY20 revenue had jumped over two-fold to $394 million (around Rs 2,960 crore) from the previous fiscal, while its earnings before interest, taxes, depreciation and amortisation (EBITDA) loss was around Rs 2,200 crore.