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Zomato groceries News

12 Sep 2021

After grocery, Zomato shuts down nutraceutical business

In 2020, Zomato had started its nutraceutical business with the launch of health and fitness products. Nutraceuticals can be understood as something that is related to food products that offer medical or health benefits. Zomato will shut down its grocery business from September 17.

09 Jul 2021

Now you can order groceries from Zomato app

Zomato has fixed a price band of Rs 72 to 76 per share for the IPO, which will open for subscription from July 14 to 16. The total IPO size is Rs 9,375 crore, comprising a fresh issue of equity shares worth Rs 9,000 crore and an offer-for-sale to the tune of Rs 375 crore by Info Edge (India) Ltd, Zomato said. In February, Zomato had raised $250 million (over Rs 1,800 crore) in funding from Tiger Global, Kora and others, valuing the online food ordering platform at $5.4 billion (around Rs 40,000 crore).

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