Food delivery company Jamaato has been in the headlines in the media last week due to the assault on a woman. On the matter, both the sides and the opposition were presented in their own way, but the whole matter is still not dealt with. Meanwhile, the company is planning to fill its bag with IPO. Through the IPO, Zomato is also going to give investors a chance to earn big bucks. According to Live Mint’s report, the company may file an IPO next month.
The company plans to raise $ 650 million through an IPO. According to a Bloomberg report, if the company does everything right, then the company will do an IPO listing by September. For which the company is preparing to complete the filing process by April.
Mobilized funding
Zomato has raised huge funding from different investors before launching an IPO. The company has raised funding of about Rs 1800 crore from five private investors. Actually, due to good valuation of the company, the company is getting new investors. The total valuation of the company has been estimated at about $ 540 million, which is about 38 percent more than before.
These are the expectations from the IPO
Zomato has high expectations from its IPO, the company has expressed hope that it will be able to raise funds worth the valuation of the market IPO at this valuation. Experts believe that the company will get the benefit of having a good amount of cash with the company, in bringing the company an IPO. According to market experts, in the coming days, to get an IPO of Zomato, activities can be seen faster.
The whole week was engulfed in controversies
Prior to the news of the IPO, the company was in dispute for delivery all week. In fact, a delivery boy of Zomato company has been accused of breaking the nose of the model and makeup artist Hitesha Chandrani. The matter caught fire and continued debate on it. However, now Hitesha Chandrani is also being said to have an FIR.
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