India: Zomato's $1.3b stock offering draws strong investor demand

India: Zomato's $1.3b stock offering draws strong investor demand

Photo: Zomato

 A $1.3 billion stock offering by Indian food delivery startup Zomato, backed by China’s Ant Group was more than 26 times oversubscribed before the offer closed on Friday, as investors placed bets on a fast-growing sector.

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