MUMBAI -- Indian food delivery startup Zomato is offering to sell shares worth 82.5 billion rupees ($1.1 billion) in a long-awaited initial public offering by one of the country's best-known tech "unicorns."
Zomato's domestic IPO plan will be closely watched by market participants and industry alike at a time when Indian startups have attracted a wave of fundraising interest. The plan comes as India grapples with a vicious second wave of the COVID-19 pandemic, plunging the country into crisis.
