Read more about the article Zomato Targets $1 Billion Before Swiggy IPO
A man is riding a bike past a bus stop with an advertisement of Zomato, an Indian food-delivery company, in Mumbai, India, on June 9th, 2023. (Photo by Niharika Kulkarni/NurPhoto via Getty Images)
Business / Entertainment / Technology

Zomato Targets $1 Billion Before Swiggy IPO

Zomato is looking to raise $1 billion by selling shares to institutional investors. This is their first big fundraising since their IPO in 2021, and it comes just before rival Swiggy's $1.4 billion IPO. The goal is to strengthen Zomato's position in India’s quick-commerce market.

By Vishal Kumar
October 23, 2024

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