Tech unicorns ride digital wave to race ahead in India

Online food delivery firm Zomato's $1.76 billion bumper stock offering has highlighted the rapid rise of India's unicorns. PHOTO: BLOOMBERG
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BANGALORE - The bumper US$1.3 billion (S$1.76 billion) stock offering by online food delivery company Zomato on July 23 has highlighted the rapid rise of India's unicorns.

Zomato's shares gained nearly 80 per cent on the first day of trading on the Bombay Stock Exchange, taking its market value to nearly US$13 billion.

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