Food delivery work services platform Zomato said yesterday it has boosted its plan to raise $1.3 billion in its initial public offering, which opens on 14 July and closes 16 July, reports TechCrunch. The loss-making startup said it will price its shares in the range of INR 72 (USD 0.96) to 76 (USD 1.02) and is targeting an upper limit valuation of $8.56 billion. Zomato said after a successful IPO it will have about $2 billion in the bank. It plans to list on Indian stock exchanges. Earlier this month Indian job board Info Edge announced it will sell INR 3.75 billion (USD 50.2 million) worth of stake in food delivery platform Zomato.