Several homegrown startups — including Paytm, PhonePe and Policybazaar — are said to eyeing public listings in FY22. The Zomato IPO could lead the way.

Synopsis

Zomato has restructured its capital base to create 8.80 billion new shares, increasing the paid-up capital of the company by three times ahead of a planned IPO.

Mumbai: Indian restaurant aggregator Zomato has hit the ground running on what could be the first initial public offering (IPO) by a homegrown unicorn. The Gurgaon-based company has restructured its capital base to create 8.80 billion new shares, increasing the paid-up capital of the company by three times from Rs 535 crore to Rs1,448 crore, the latest regulatory filings showed.People with the direct knowledge of the matter said this was a

  • GIFT ARTICLE
  • FONT SIZE
  • SAVE
  • COMMENT

Sign in to read the full article

You’ve got this Prime Story as a Free Gift

Already a Member?

Why ?

  • Sharp Insight-rich, Indepth stories across 20+ sectors

  • Access the exclusive Economic Times stories, Editorial and Expert opinion

  • Clean experience with
    Minimal Ads

  • Comment & Engage with ET Prime community

  • Exclusive invites to Virtual Events with Industry Leaders

  • A trusted team of Journalists & Analysts who can best filter signal from noise





News Of India

LEAVE A REPLY

Please enter your comment!
Please enter your name here