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

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,
Deepinder Goyal's Zomato raises Rs 8,500 crore in first fundraise since…
Zomato CEO Deepinder Goyal had earlier shared that the proposed fundraise is meant to strengthen its balance sheet.
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 at Rs 252.62/share; Should you Buy, Sell or Hold this recent entrant in F&O segment
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 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 qualified institutional buyers at an issue price of ₹252.62 apiece, aggregating to ₹8,500 crore
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
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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 ...
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