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.


Published by HT Digital Content Services with permission from HT Lucknow....