The Securities and Exchange Board of India (SEBI) has approved Zomato's IPO application, according to reports. Zomato had filed papers with the market regulator in April this year to raise up to ₹8,250 crore (over $1 billion) through its IPO. The food delivery platform raised $250 million in its pre-IPO primary fundraise in February at a valuation of $5.4 billion.