New Delhi: After the success of the Initial Public Offering (IPO), food delivery platform Zomato is now gearing up to rival digital payments companies Paytm, Phonepe, and Google Pay. In fact, Zomato has taken an entry into the digital payment business. For this, Zomato has formed a new company called Zomato Payments Pvt.

Zomato said in a regulatory filing that the new company will provide services related to payment aggregators and payment gateways. These services will be provided as per reserve bank of India (RBI) rules. Zomato Payments Pvt Ltd has been launched through 10,000 equity shares. The face value of these shares has been fixed at Rs.10 per unit. The total value is Rs.1 lakh.

The food delivery platform has come up with IPO last month i.e. Through this IPO, the company has raised more than 8,000 crores rupees. Zomato IPO has received tremendous responses from investors. Zomato shares had received manifold subscriptions during the IPO. The IPO of the Zomato was open on July 14. 72-76 per share in this IPO. Zomato had raised Rs 4,196.51 crores from anchor investors before IPO.

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