The Ant Group, Info Edge and Delivery Hero-backed restaurant listings and food delivery app operator is floating in a dual listing, having secured $562m from anchor investors yesterday.

Zomato, an India-based food delivery service backed by corporates Ant Group, Info Edge and Delivery Hero, listed on the National Stock Exchange of India and the BSE in a dual listing today.

The offering is open for subscription until Friday and the shares are priced between Rs 72 and Rs 76 ($0.96 to $1.02) each, giving the company an implied valuation of up to $8.6bn.

The company intends to raise approximately $1.25bn through the initial public offering, which involves it…

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Edison Fu

Edison Fu is a reporter and Asia liaison at Global Corporate Venturing.
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