Indian food delivery giant Zomato eyes $1.3bn IPO

12 Jul, 2021

MUMBAI: Indian food delivery giant Zomato announced plans Thursday to raise 93.75 billion rupees ($1.3 billion) via an initial public offering, the latest firm to take advantage of a strong rally in local equities. Zomato and rival Swiggy - both of whose delivery riders are ubiquitous in Indian cities - are the two biggest players in a food delivery market forecast to explode in the coming years.

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