Indian food delivery giant Zomato files for $1.1 billion IPO
CNN
Zomato, the Indian startup that acquired Uber's local food delivery business last year, is headed for a mega IPO.
The company on Wednesday filed for an initial public offering in Mumbai that could raise up to 82.5 billion rupees ($1.1 billion). That would be India's biggest IPO so far this year, according to Dealogic. In a filing to India's stock market regulator, the food delivery upstart said it would issue new shares worth as much as 75 billion rupees ($1 billion). One of its shareholders, Indian tech firm Info Edge, will sell up to 7.5 billion rupees (about $100.6 million) worth of equity.
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