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Zomato raises Rs 4,196 crore from anchor investors

Date: 15 July 2021 Tags: Miscellaneous
  • Food delivery platform Zomato has raised ?4,196 crore from anchor investors ahead of its initial share sale, which opens for public subscription.
  • The company has decided to allocate 5,52,173,505 equity shares to anchor investors at ?76 apiece, aggregating the transaction size to ?4,196.51 crore.
  • The online food delivery segment has seen significant growth in the last few years with Zomato and Swiggy competing head on to grab market share.
  • In February, Zomato had raised $250 million (over ?1,800 crore) in funding from Tiger Global, Kora and others, valuing the online food ordering platform at ?5.4 billion.