Ant-backed Zomato's roaring India debut sets pace for internet-based startups


Food delivery firm Zomato Ltd shares on Friday nearly doubled in a stellar first listing of a local unicorn in India.

BENGALURU: Food delivery firm Zomato Ltd shares on Friday nearly doubled in a stellar first listing of a local unicorn in India, setting the pace for a slew of such debuts by internet-based startups that are thriving during the COVID-19 pandemic.

Berkshire Hathaway Inc-backed Paytm, hospitality company Oyo Hotels and ride-hailing firm Ola, both backed by SoftBank, are among the startups set to enter markets, riding on support from foreign funds and local investors.

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Food delivery firm , Zomato , local unicorn , Paytm

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