The company will be issuing fresh equity shares worth ₹7,500 crore, along with the company’s early backer Info Edge India Ltd selling its stake worth ₹750 crore in Zomato's upcoming public offering
Mumbai: The Securities and Exchange Board of India has given its nod for food delivery platform Zomato Ltd to raise funds via an initial public offering (IPO), said a person aware of the development.
“They have received the go-ahead from Sebi. It should be updated on the regulator’s website on Monday. Now that the approval has come, the launch can happen anytime soon, most likely this month," the person said.