The IPO will be a litmus test on whether domestic investors have the patience and maturity to deal with loss-making tech companies
In FY21, the founder & CEO of Zomato took a steep pay cut from an annual Rs 3.5 crore to Rs 1.6 crore and waived his salary for 36 months starting April 1, 2021
According to the DRHP filed by Zomato as part of its initial public offering plan, Info Edge currently owns 1.244 billion shares at an average cost of Rs 1.16 each
The largest-ever fresh fundraising through an IPO was by Reliance Power at Rs 10,123 crore in 2008
Projections suggest online food delivery market should grow to $22 billion by 2025
The IPO offer includes a fresh issue by the company worth Rs 7,500 crore, and and an offer for sale by the selling shareholder Info Edge
But losses widened by 136% in FY20; company says Covid impacted food delivery business in Q1FY21
Feature is being added to locations covering 85% of its order volume
Info Edge on Tuesday said it will sell stake worth Rs 750 crore in the initial public offering (IPO) of its investee company Zomato
Even as 20% of its staff face some kind pandemic stress, the firm has put in place an equal leave policy and level playing field for staff
This feature will allow our customers to mark 'This order is related to a Covid-19 emergency' option during checkout
Maharashtra Chief Minister Uddhav Thackeray has announced a curfew in the State, except for essential services
Business Standard breaks down key listing requirements in India, in the US and the possibility in a few other scenarios
Investors have been tripping over one another to fund a host of Indian startups. Will the stock markets show the same enthusiasm when some of them launch IPOs this year?
Deliberations are ongoing and details of the offering such as size and timeline could change
In a tweet, Goyal said: "Functional foods.. coming soon to your favourite food app. @zomato".
Zomato said Wednesday it had delisted Kamaraj after a content creator, Hitesha Chandranee, posted videos on social media saying the Zomato executive hit her
Amazon Food said on Monday the service was available across 62 pin codes in Bengaluru
According to some media reports, the delivery executive said he acted in self defense and only hit the woman after she hit him first
The man was arrested shortly after Hitesha Chandranee took to Twitter to air her woes and tagged the city police, who asked her to provide the area details to assist her further