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Zomato becomes the first high profile Indian startup to get listed and target a $1.3 billion IPO at an $8.6 billion valuation

Zomato, an Indian food delivery startup, is expediting its efforts to raise $1.3 billion in its initial public offering (IPO). The subscription opens on July 14 and closes on July 16. The price range for the startup’s share will be 72 Indian rupees (96 cents) to 76 ($1), with an upper limit valuation target of $8.56 billion. Zomato plans to list on the Indian Stock Exchange. It is the first startup to explore the public markets. Edge, Temasek, Tiger Global and various others are amongst its investors.

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