Zomato Raises Rs 4,196 Crore From Anchor Investors; IPO Gets Underway | Read

Zomato has raised more than Rs 4,196 crore from anchor investors ahead of the initial public offering (IPO), which opened for bidding today. The food delivery service provider raised the money from 186 anchor investors, including New World Fund Inc, American Funds, Tiger Global Investments Fund, BlackRock Global, Lansforsakringar Asienfond, JPMorgan, Morgan Stanley Investment Fund, T Rowe Price and Canada Pension Plan Investment Board. Zomato plans to raise Rs 9,375 crore through the public offering, which will remain open for three days until July 14.