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Zomato IPO depends on board’s decision, no further details available as of now: Info Edge

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Zomato does intend to go for an initial public offering and is preparing for it, according to Chintan Thakkar, chief financial officer at Info Edge (India) Ltd., an early investor in the food delivery company. Zomato is an independent company with an independent board; its board will take a final decision and only then, the IPO will proceed. At this stage, Info Edge cannot give a timeline or any other details on the public listing, Thakkar said on the an earnings call held on Monday.  In September 2020, Zomato CEO Deepinder Goyal had announced the intention to take the company public in 2021. Bankers and legal advisors have reportedly been hired. In an earnings call for the previous quarter in November, Info Edge CFO Chintan Thakkar had said the same thing he said on Monday's earnings call: that Zomato was indeed…

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