Zomato raises $1B in first major fundraise since 2021 listing
Indian food delivery app Zomato has raised $1 billion from institutional investors, completing its first major fundraise since its 2021 IPO. The food Weeks following rival Swiggy's listing, Zomato has raised $1 billion in its first major fundraise since its 2021 IPO.
Zomato's Massive Fundraise: A New Era of Expansion
Food delivery giant Zomato raises Rs 8,500 crore through a Qualified Institutional Placement issue to fund its expansion plans. The fundraiser saw significant participation from domestic mutual fund houses,
Zomato raises ₹8,500 crore through QIP
Zomato raises ₹8,500 crore through QIP, shares trading at ₹280.95; funds to boost growth, technology, and acquisitions.
Zomato raises Rs 8,500 crore via QIP, Motilal Oswal emerges as biggest domestic investor
Zomato raised Rs 8,500 crore through QIP by issuing and allotting 33 crore equity shares at an issue price of Rs 252.62 per share. The company's board approved this fundraising initiative, which was announced last month.
Zomato raises Rs 8,500 crore through QIP from domestic investors
The company's board, in a meeting held on November 29, approved the issue and allotment of 336,473,755 equity shares at an issue price of Rs 252.62 per share
Zomato Raises Rs 8,500 Crore from Institutional Investors To Fuel Growth
The company opened its Qualified Institutional Placement (QIP) issue on November 25, which closed on Thursday.
Zomato raises USD 1 bn via QIP; Motilal Oswal, ICICI Prudential among big domestic investors
Food delivery aggregator Zomato has raised Rs 8,500 crore by selling equity shares to qualified institutional investors, mainly domestic mutual fund houses, to fund its expansion and growth plans
Zomato raises ₹8,500 crore via QIP at ₹252.62 per share to bulk up cash reserves
Zomato believes it needs to enhance its cash balance given the competitive landscape, with rivals Swiggy and Zepto gearing up to stay in the competition.
Zomato on train: Bengaluru techie’s hilarious post on ‘revenge' from food delivery app goes viral
In an unexpected twist, a techie from Bengaluru, Sunny Gupta, decided to try out Zomato's ‘On Train’ feature during his trip ...
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Jefferies Bullish On Zomato’s ‘District’ App, Projects 17% Upside
Explaining its optimism for Zomato, Jefferies cited new use cases emerging from Zomato's going-out venture, starting with ...
Zomato’s QIP; subsidy package for electronics
Zomato has closed its Rs 8,500 crore qualified institutional placement (QIP) mainly from domestic investors. This and more in ...
Zomato offers a job with a catch – you have to pay to get it
When the CEO of Indian delivery app Zomato advertised for a chief of staff on social media, it came with two large caveats.
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Zomato Raises INR 8,500 Cr Via QIP At An Issue Price Of INR 252.62
Zomato has raised INR 8,500 Cr via qualified institutional placement (QIP) of 33.64 Cr equity shares at an issue price of INR ...
Zomato Shares Plunge Over 3% On NSE; Secures ₹8,500 Crore Through QIP
The online food delivery giant, Zomato Limited on Friday (November 29) through an exchange fling announced that it has ...
Zomato raises ₹8,500 crore via Qualified Institutional Placement at ₹252.62 per share
The Fund Raising Committee of Zomato's board approved the allotment of 33,64,73,755 (33.65 crore) shares to eligible ...
Zomato Gold 6-month membership for Rs 30: How to avail Black Friday offer
Zomato is offering a Black Friday deal on its Gold membership, providing a 6-month subscription for Rs 30 to new users.
Missed Zomato concert passes? Here’s how you can grab last-minute entry to Dua Lipa’s Mumbai show
The Zomato Feeding India Concert will also feature performances from Indian artists like Jonita Gandhi and Talwiinder, among others.