Zomato on course for $1 billion IPO without investor exits

Zomato, the food-delivery app poised to be the first among a growing tribe of Indian tech startups eyeing a listing this year, is expected to raise $750 million to $1 billion through its initial public offering (IPO), said two people familiar with the development. But unlike traditional IPOs, no investor is likely to exit or take money off the table by selling their shares.
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