Food delivery startup Zomato, backed by Ant Group, has filed for an initial public offering of up to ₹8250 crore, draft papers submitted to the market regulator showed. The online food delivery segment has seen significant growth in the last few years with Zomato and Swiggy competing head-on to grab market share. In preparation of its much-awaited public listing, Zomato had recently amended its memorandum of association earlier this month to become a public limited company, renaming itself Zomato Ltd. The online food aggregator Zomato has rolled out home-style meals in association with partner restaurants, as an increasing number of users, sick with covid infections, seek simple meals. “Over the last few days, one of the most requested features on @zomato has been – a selection of home style food for people battling poor health.

Source: Mint April 28, 2021 04:52 UTC