Zomato set to raise $146 million as it gears up to launch IPO

Food delivery giant, Zomato India preparing to launch an Initial Public Offering (IPO) in the first half of 2021 is set to raise a little over $146 million as part of its Series J funding in a final push. As a part of the Sequence J sequence, Zomato has already raised funds from major investors to date amounting to over $270 million.

Zomato Asked To Ensure Background Checks For Delivery Teams

An online petition was recently started, urging Zomato to ensure background checks and training for its delivery team. While Zomato functions as the technology enabler, it does not have its own delivery fleet. Zomato is working together with Grab and Delhivery to ensure police verification for all.