Food delivery company ZOMATO’s IPO may come next year

Zomato may file an IPO in the first half of next year

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Zomato’s may come next year. The founders gave this information in a letter to employees. Explains, has about 23 percent stake in Zomoto. further, this could leads the movement in the Business. The current valuation of Zomato is $ 3.5 billion. Zomato may file an IPO in the first half of next year. But it is not yet sure that the company will be listed in or in the US.

Source Zomato

However, Info Edge recently released its Q1 earnings, its revenue slides by 10.4% at ₹280.1 cr. Meanwhile, the company’s businesses had been growing significantly until the pandemic struck. In FY20, Info Edge had posted a net profit of ₹200.8 crore.

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