New Delhi, July 9 -- Indian food delivery giant Zomato on Thursday announced plans to raise Rs.9,375 crore ($1.3 billion) through an initial public offering (IPO).

As the coronavirus disease (Covid-19) pandemic struck India last year, the demand for online food delivery services provided by aggregators like Zomato increased immensely, after states and Union Territories (UTs) initially banned dining-in at restaurants, hotels, food stalls etc.

Zomato, which is a consumer internet company, has presence in 525 cities across India and over 32 million users visit the platform each month, news agency AFP reported on Thursday, adding, the company also offers service in 23 countries across the globe. The company is also backed by Chinese busines...