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.
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Zomato’s INR 8,500 Cr Refuel
It’s not just about delivery — the fundraise also positions Zomato to invest heavily in its District and going out platform ...
After ₹20 lakh stir, Zomato CEO Deepinder Goyal has a ₹30 update
Days after Zomato Managing Director and CEO Deepinder Goyal posted a job vacancy for Chief of Staff with an unusual ...
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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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 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 ...
'Worked like a charm': Bengaluru techie uses Zomato's train delivery; internet reacts
A Bengaluru-based techie, Sunny Gupta, recently shared his experience of using Zomato’s innovative train food delivery ...
Zomato’s Black Friday Surprise: Zomato Gold Membership For 6 months At Just Rs30!
Zomato has unveiled a jaw-dropping offer as part of its Black Friday Sale. The popular food delivery platform headquartered ...
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 ...
Dua Lipa Zomato Feeding India Concert: Radhika Merchant, Neha And Aisha Sharma And More Attend
Popstar Dua Lipa performed in Mumbai's MMRDA Grounds in Bandra Kurla Complex (BKC) on November 30. Her maiden gig in the ...