Zomato, India's food delivery unicorn, files for $1.1b IPO

Table setting at Zomato Summit. Photo: Zomato

Ant Group-backed Indian food delivery startup Zomato Ltd has filed its prospectus with India’s market regulator for an initial public offering that could raise up to Rs8,250 crore ($1.1 billion).

Zomato filed its much-anticipated draft red herring prospectus (DRHP) with markets regulator Securities and Exchange Board of India (Sebi) Wednesday, outlining its intent to offer the company’s equity shares for sale.

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