SEBI green signals Zomato's bid to raise funds via Rs 8,250 crore IPO
Zomato has received the nod from the Securities and Exchange Board of India to raise funds via an initial public offering. “They have received the go-ahead from Sebi. It should be updated on the regulator’s website on Monday. Now that the approval has come, the launch can happen anytime soon, most likely this month," a spokesperson for Zomato said. The food delivery platform plans to raise Rs. 8,250 crore via its IPO.