News > Zomato plans to file for IPO in 2021 first half
Zomato plans to file for IPO in 2021 first half
Moneycontrol | 11/09/2020 12:07 PM | Click to read full article
Zomato, currently valued at $3.5 billion, plans to file for an initial public offering in the first half of next year, although whether it will list in India or the US is unclear. Zomato is looking to reduce its cash burn and get closer to profits.
It will be the first among India’s modern consumer internet start-ups and India’s first internet IPO since companies such as Infoedge (which owns Naukri.com) and MakeMyTrip.