Zomato raises $562 million from anchor investors ahead of IPO

Zomato raises $562 million from anchor investors ahead of IPO

4 years ago
Anonymous $drS9DEX_Sj

https://techcrunch.com/2021/07/13/zomato-raises-562-million-from-anchor-investors-ahead-of-ipo/

Indian food delivery startup Zomato said on Tuesday evening that it has raised $562.3 million from its anchor investors ahead of IPO opening on Wednesday.

Zomato, which counts Ant Financial  has already secured nearly 45% of the $1.3 billion it plans to raise through the IPO, the 12-year-old Gurgaon-headquartered startup revealed in a filing to local stock exchanges. The public share sale will open on Wednesday and close Friday.