AVCJ Awards 2021: Exit of the Year – IPO: Zomato
Zomato’s milestone offering last year saw a pandemic-ready business model awaken the local market to internet-based risk profiles as global investors shifted interest from China to India
The INR 93.7bn (USD 1.2bn) IPO last year by Indian dining platform Zomato was only the country’s fifth-largest PE-backed listing, but few transactions, if any, have had as many directly traceable market-wide...
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