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

New Zealand Puts India’s Home Record to the Ultimate Test; Black Caps Sight Historic Win

October 25: After getting robbed by the overcast conditions in Bengaluru, the Indian batters found…

By TheNewsFacts

Boycott Maldives Campaign Gains Momentum Following Derogatory Remarks

Boycott Maldives Campaign is gaining momentum on Social media following a recent turn of events,…

By TheNewsFacts

Pushpa 2: The Rule Review: A Grand Sequel with Missing Heart, Punch

December 5, 2024: After the overwhelming success of Pushpa: The Rise, expectations for Pushpa 2:…

By TheNewsFacts

You Might Also Like

AM Green
Business

AM Green, Port of Rotterdam To Enable 1 MTPA , $1B Trade for Green Fuels

By TheNewsFacts
Rio Tinto
Business

AMG, Rio Tinto Plan 500K TPA Green Aluminium in India

By TheNewsFacts
BluSmart
Business

BluSmart’s EV U-Turn: Platform Out, Fleet In

By TheNewsFacts
GreenLine Mobility Solutions
Business

GreenLine Bets Big on Net-Zero Logistics; Invests $275M

By TheNewsFacts
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?