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Zomato: Loss making company with high valuation to list in hopes of raising $1.25 billion

Indian multinational corporation Zomato has announced the launch of its IPO to take place on July 14, 2021. “We will utilize the IPO proceedings for funding organic and inorganic growth initiatives, and for general corporate purposes,” said Akshant Goyal, CFO of Zomato. The company hopes to raise about ₹9,375 ($1.25 billion) crore through this. The […]