Zomato raises $1B in 1st major fundraise since 2021 listing

Big challenge for Swiggy as Zomato raises Rs 8500 crore in first fundraise since...
India's leading multinational restaurant aggregator and food delivery company Zomato has raised $1 billion (Rs 8,500 crore) from institutional investors, completing its first major fundraise since its July 2021 Initial Public Offering (IPO).
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 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 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 QIP: Company raises Rs 8500 crore at Rs 252.62 per share; F&O entry from today
Zomato has announced the closure of Qualified Institutional Placement (QIP). The online food delivery company said that it raised Rs 8,500 crore through QIP. It allotted as many as 33.65 crore shares at a floor price of Rs 252.
Zomato raises Rs 8,500 crore via QIP at Rs 252.62/share; Should you Buy, Sell or Hold this recent entrant in F&O segment
Food delivery giant Zomato has successfully raised Rs 8,500 crore through a Qualified Institutional Placement (QIP), issuing 33.65 crore equity shares at Rs 252.62 per share. The issue price reflected a 5% discount to the floor price of Rs 265.
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