InvestorQ : When is the Zomato IPO likely to be open?
rhea Babu made post

When is the Zomato IPO likely to be open?

8 months ago

The Zomato IPO is expected to hit the market around the first half of 2021. Zomato needs little introduction and specializes in good delivery via its network of restaurants across India and competes with the likes of Swiggy for the food delivery market space.

Zomato will use the funds to bankroll its inorganic expansion plans in the ecommerce and food delivery segment. Zomato already has PE investments from Tiger Global, Temasek, Baillie Gifford and Ant Financial, which is a part of Alibaba group of China.

The ecommerce business is perpetually starved for funds as they need to fight a constant price war and need a war chest for that. The IPO makes sense as the Indian IPO market is now beginning to offer good valuation hunting for ecommerce players as has been seen in some cases like Intermesh, Naukri and Matrimony.