Ant-backed Zomato's stellar debut sets pace for other Indian tech listings

Ant-backed Zomato's stellar debut sets pace for other Indian tech listings

Photo: Zomato

Indian food delivery firm Zomato Ltd surged 65.8% in its stock market debut on Friday, giving the startup a valuation of 988.49 billion rupees ($13.28 billion) and setting the stage for other domestic startups that are waiting in the wings with listing plans of their own.