CNBC TV18 on Friday said that Zomato, the most popular food delivery application in India, has a listing valuation of $8.7 billion this month. According to the news channel, Zomato has increased its primary corpus by 20% to $1.2 billion through an initial public offering (IPO). The food delivery giant has slashed the secondary share or offer for sale by 50% to $50 million. Infoedge, which holds around 18% stake, is likely to sell a partial stake through an offer for sale.
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