The food ordering app developer's largest shareholder, Info Edge, is set to sell $100m of shares in the proposed dual offering.
India-headquartered food delivery service Zomato filed for an Rs 82.5bn ($1.1bn) initial public offering today, with classified listings operator Info Edge set to sell $100m of shares.
The company is planning a dual offering on the National Stock Exchange of India and the BSE – both in its home country – and is considering raising a further $200m through a private placement prior to the IPO.
Zomato began life as an online restaurant listings platform but its core business domestically…
