Zomato Kicks Off Rs. 9,375-Crore IPO, India's Biggest This Year

Food delivery giant Zomato on Wednesday launched its much-anticipated IPO to raise Rs. 9,375 crores, India's biggest this year and the first of a series of public listings by tech unicorns. Zomato - which counts subsidiaries of Uber and Jack Ma's Ant Group among its existing shareholders - is one of the country's hottest tech start-ups and dominates India's booming app-based food-delivery space alongside rival Swiggy. Fresh shares priced at between Rs. 72 and Rs. 76 were issued as part of the initial public offering, which closes on Friday.