India's Zomato hikes IPO valuation target to $10b amid surge in online food ordering

India's Zomato hikes IPO valuation target to $10b amid surge in online food ordering

Zomato Summit in India. Photo: Zomato

Zomato, India’s most valuable food delivery company, is seeking an IPO valuation of $10 billion amid a surge in online food-ordering, restaurant-bookings, and subscriptions for Zomato Pro businesses, two people familiar with the development said.

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