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.

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 has successfully raised Rs 8,500 crore through a Qualified Institutional Placement (QIP), offering 33.65 crore equity shares at Rs 252.62 each. This issue price represents a 5% discount to the floor price of Rs 265.

Zomato has raised INR 8,500 Cr via qualified institutional placement (QIP) of 33.64 Cr equity shares at an issue price of INR 252.62 apiece.

Food delivery giant Zomato has successfully raised Rs 8,500 crore through a Qualified Institutional Placement (QIP), marking its first major fundraising effort since its initial public offering (IPO) in July 2021.

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

Food delivery aggregator Zomato has raised ₹8,500 crore by selling equity shares to qualified institutional investors, mainly domestic mutual fund houses, to fund its expansion and growth plans. Zomato,

Zomato has closed its Rs 8,500 crore qualified institutional placement (QIP) mainly from domestic investors. This and more in today’s ETtech Top 5.

Zomato raises ₹8,500 crore through QIP, shares trading at ₹280.95; funds to boost growth, technology, and acquisitions.