New Delhi, July 24 -- Online food-delivery and restaurant platform Zomato Ltd. surged in its trading debut, as shares gained about 66% to close at Rs.126 in Mumbai Friday, compared with the IPO price of Rs.76. With this rally, its market valuation went past the Rs.1-lakh-crore mark on BSE.
Zomato raised $1.3 billion from investors including Morgan Stanley and Fidelity Investments in the share sale last week.
The company's founder and CEO Deepinder Goyal said this was a big day for the company. ".we couldn't have gotten here without the incredible efforts of India's entire internet ecosystem," he said in a blog post.
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