Infosys CEO Salil Parekh praised the food delivery unicorn- Zomato’s initial public offering, which is oversubscribed on its first day of the bidding.
Zomato is considered to be one of the most successful startups in India because of its use of new-age technology and data analysis to get the most out of its customers.
Zomato launched its much-anticipated initial public offering (IPO) to raise over ₹ 9,300 crores, which was welcomed by a congratulatory message from the software service giant’s CEO.
Zomato’s shareholders include Info Edge and subsidiaries of Uber and Jack Ma’s Ant Group. The IPO issued price ranges from ₹ 72 to ₹ 76 rupees and the IPO will close on Friday.
“It’s incredible to see the success of all of these companies, many based on technology. I think this is going to give a lot of boost to all tech companies in the country.”, said Mr. Parekh.
“In any areas in the technology side that we can help we will absolutely support them,” he further added.
Apart from Zomato, startups like Paytm, Policybazaar, Mobikwik, Nykaa, and Delhivery are also firming up plans for a public listing in India.
Meanwhile, you can subscribe to Zomato IPO using Zerodha, Paytm, Angel Broking, etc.