As Zomato prepares to go public in the next few months at a its evaluation of anywhere between$ 6 billion and$ 8 billion, ET collaborated with data platform Tracxn to take a closer look at how its valuation has risen and its ceiling table has evolved over the years.Zomato is expected to raise as much as $ 750 million to$ 1 billion through its IPO. This would help it build a much-needed war chest to take on chief rival Swiggy, which is also in the process of closing a $800 million fundraise, and e-commerce giant Amazon, which become its food-delivery debut last year.Info Edge, Zomato’s firstly institutional investor, which made a Rs 4.7 -crore investment in the company in August 2010, has a shareholding worth Rs 7,270 crore as per the latest regulatory filings.Another of Zomato’s largest shareholders is Ant Financial, which has been unable to participate in the company’s pre-IPO round after the government stopped clearing Chinese investments. It nurses a 20% stake in the company, merit Rs 7,729 crore. 8168040 2However, roots have confirmed to ET that ongoing secondary share obtains will bring down Info Edge’s shareholding in the company to 17% and Ant Financial’s to around 15% in the run up to its IPO.ET had earlier reported that unlike in traditional IPOs, in the case of Zomato , no investor is likely to exit or take money off the table by selling their shares. “People considered that Zomato is gonna be a $50 -billion firm in five years and that it would be unwise to sell shares right now, ” Deepinder Goyal, founder and CEO of Zomato, had said in a town hall earlier this year.
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