Zomato
Zomato could be one of the IPOs to watch out for in 2021. Known for its food delivery business, Zomato is based in Gurugram and was co-founded by Deepinder Goyal. It counts Info Edge, Uber, Alipay Singapore and Antfin Singapore amongst its investors.
The company plans to raise ₹7,500 crore via a fresh issue and ₹750 crore via an offer for sale (OFS) by its existing investor Info Edge. It intends to use ₹5,625 crore towards funding the organic and inorganic growth over the next 5 years – organic growth refers to customer acquisition, and strengthening technology and delivery infrastructure, while inorganic growth refers to acquisitions and partnerships.