Foodtech Unicorn Zomato files its Draft Red Herring Prospectus (DRHP) for IPO
The company will offer equity shares aggregating up to Rs 8,250 Crores ($1.1 Billion)
Out of this, Rs 7,500 crore will be a fresh issue and Rs 750 crore an offer for sale
Info Edge will be selling shares worth Rs 750 Crore in Zomato IPO
As per the DRHP, Zomato achieved positive unit economics with a contribution margin of Rs 22.9 per order
Fewer discounts, lower payouts to delivery executives and raised commission from restaurants benefited
Zomato recently converted itself from a private company to a public limited company
It has so far raised a total funding of $2.1 Billion
