China's Ant Group holds a 16.53% stake in Zomato, while its top shareholder is Info Edge (India), which holds an 18.55% stake. Shares of food delivery firm Zomato Ltd nearly doubled on Friday 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. Shares of Zomato soared 82.8% after opening at 116 rupees in pre-open trade, a 53% premium to the offer price of 76 rupees for the 93.75 billion rupees IPO, valuing the company at about $12 billion. China's Ant Group holds a 16.53% stake in Zomato, while its top shareholder is online technology company Info Edge (India), which holds an 18.55% stake. "Today is a big day for us...we couldn't have gotten here without the incredible efforts of India's entire internet ecosystem," Zomato's founder and Chief Executive Deepinder Goyal said in a blog post.

Source: dna July 23, 2021 10:18 UTC