India vs US listing: Zomato may be test case for start-ups waiting in wings

The IPO will be a litmus test on whether domestic investors have the patience and maturity to deal with loss-making tech companies

E-commerce icon Zomato has opted to list on domestic bourses, resisting the temptation to do so in the US, the most preferred venue for Silicon Valley-styled tech firms.
 
How the food-delivery company’s Rs 8,250-crore maiden offering is received will be a test case for other tech and start-ups waiting in the wings to go public, say market players.
 
Zomato, backed by China’s Ant Group, filed its offer document with the Securities and Exchange Board of India (Sebi) this week to raise Rs 7,500 crore in fresh capital — the third-most a domestic IPO has ever raised. The company’s