Incorporated in 2010, the Gurugram-based company, Zomato will be among the first from a long list of Indian unicorn start-ups to launch an IPO to get listed in the stock exchanges. It will also be the first among Indian online food aggregators. Zomato’s technology platform connects customers, restaurant partners and delivery partners, serving their multiple needs. Customers use the Zomato platform to search and discover restaurants, read and write customer generated reviews and view and upload photos, order food delivery, book a table and make payments while dining-out at restaurants. On the other hand, Zomato provide restaurant partners with industry-specific marketing tools which enable them to engage and acquire customers to grow their business while also providing a reliable and efficient last mile delivery service.
Zomato also operates a one-stop procurement solution, Hyperpure, which supplies high quality ingredients and kitchen products to restaurant partners. As of December 31, 2020, It is one of the leading online Food Service platforms in terms of the value of food sold and has established a strong footprint across 23 countries with 131,233 active food delivery restaurants, 161,637 active delivery partners, and an average monthly food order of 10.7 million customers.
Objective of the issue:
The net proceeds from the IPO will be utilized towards the following objectives;
- Funding organic and inorganic growth initiatives.
- Meet general corporate purposes.
SMART IPO using UPI , you can now apply online https://ipo.gwcindia.in/client/index.php
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