thenewsfacts.com
  • Home
  • Latest News
  • Trending News
  • Entertainment
  • Technology
  • Sports
  • Business
  • Health
thenewsfacts.comthenewsfacts.com
Font ResizerAa
Search
  • Home
  • Latest News
  • Trending News
  • Entertainment
  • Technology
  • Sports
  • Business
  • Health
Follow US
© thenewsfacts : All Rights Reserved.

Home » Zomato IPO Listing; a symbol of India’s vibrant capital markets

Business

Zomato IPO Listing; a symbol of India’s vibrant capital markets

TheNewsFacts
Last updated: July 24, 2021 1:04 pm
TheNewsFacts
Share
Zomato IPO Listing; a symbol of India's vibrant capital markets
SHARE

Zomato IPO listing created a frenzy in the Indian stock market as the stock on listing got close to a 66% premium on the listing. The stock market debut turned Zomato Ltd. founder Deepinder Goyal into a poster boy for India’s fledgling startup scene, pushing his fortune close to the $1 billion mark.

Goyal is worth $650 million based on his current 4.7% stake in Zomato, according to the Bloomberg Billionaires Index. He also owns more than 368 million options that vest over the next six years, which if exercised would almost double his stake in the company, which now has a market capitalization of $13.3 billion.

“Today is a big day for us,” Goyal said in a blog posting on Friday. “But we couldn’t have gotten here without the incredible efforts of India’s entire internet ecosystem.”

Deepinder Goyal of Zomata on successful IPO Debut

Zomato Founder Joins Byju Raveendran, Paytm and Flipkart Startup Unicorn club

Those topping $1 billion include Byju Raveendran of online education provider Byju’s, Vijay Shekhar Sharma of digital payments pioneer Paytm, and Sachin Bansal and Binny Bansal, cofounders of online retailer Flipkart.

India had a record $6.3 billion of funding and deals for technology startups in the second quarter, underscoring entrepreneurial ambitions and rising venture-capital interest in the world’s second-most populous market.

TAGGED: Zomato IPO, Zomato IPO Listing, Zomato IPO Share Allotment
Share This Article
Twitter Email Copy Link Print
Previous Article https://twitter.com/thenewsfactsnow New Movie: 4 Popular Hindi Movies to watch now
Next Article WHO-IPC to foster health, sports for all - Dr. Tedros WHO-IPC to foster health, sports for all – Dr. Tedros

Your Trusted Source for Accurate and Timely Updates!

We're committed to providing accurate and unbiased news as it unfolds, earning the trust of a large audience. Stay informed with our news updates on the latest events and trends, keeping you ahead of the curve.
FacebookLike
TwitterFollow
InstagramFollow

Popular Posts

APJ Abdul Kalam, an immortal legacy of simplicity, and ignited mind

Dr. APJ Abdul Kalam is a famous scientist who helped India with its missile program.…

By TheNewsFacts

COVAXIN Highly Effective Against Transmissible Delta Variant – The Lancet

In a recent study on COVAXIN effectiveness against highly transmissible delta variant, it established, the…

By TheNewsFacts

Shoaib Bashir, Test Debut for England Thrills Ben Stokes

19-year-old Shoaib Bashir marked his debut in the second Test against India, whjich kicked off…

By TheNewsFacts

You Might Also Like

Blip
Business

Cash Crunch Blows Death Knell to Blip’s Fast Fashion Dream

By TheNewsFacts
Jane Street
Business

SEBI Drops Hammer on Jane Street: $566M in Illegal Gains

By NewsFacts Bureau
AM Green Group, Greenko
Business

AM Green Group 17.5% Stake in Greenko to Drive Upstream Integration

By TheNewsFacts
Venture Capital
Business

Venture Capital Investment Outlook Still Cloudy for 2025 in Startups

By NewsFacts Bureau
thenewsfacts thenewsfacts

About US


TheNewsFacts: Brings you the interesting facts, news facts and updates from India an the world across politics, tech, entertainment, business, tending, and more. We deliver what you love to read.
Top Categories
  • Latest News
  • Trending News
  • Paris Olympics 2024
  • Sports
  • Entertainment
  • Business
  • Technology
Usefull Links
  • About The News Facts
  • Latest News
  • Privacy Policy
  • Editorial Policy
  • Disclaimer
  • Contact Us
Follow us
Facebook Twitter Instagram

© thenewsfacts. All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?