📰 Startup Digest (July 16)

News and updates from India's startup space and beyond.

📄 Paytm files draft papers for IPO. The online payments platform filed its draft red herring prospectus with SEBI for an initial public offering (IPO) to raise Rs 16,600 crore – half through fresh equity and the other half through offer-for-sale.

⚡️ Zomato’s IPO subscribed 38.25 times on final day. As per BSE data, the shares which are to be allocated for the qualified institutional buyers were subscribed 51.79 times, while those of non-institutional investors were subscribed 32.96 times and that of the retail individual investors were subscribed 7.45 times. 

🏢 Oyo raises $600 million long-term funding. The company has closed a debt financing round of $660 million from global institutional investors but hasn’t yet made public their names.

Amanat Khullar is the Content and Editorial Manager at ADIF.

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