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Vikram Kumar

Founder at Stockware • 6m

🚨 Zomato Exploring Cash Raise Through QIP! 🚨 I just came across an interesting development—Zomato is considering raising funds via a qualified institutional placement (QIP), marking its first funding move since its IPO in July 2021. This comes as Swiggy prepares for its own IPO, targeting $450 million in primary capital, with the option to go up to $600 million. As Zomato explores this, the company holds $1.5 billion in cash reserves as of June 2024 but recently spent $244 million to acquire Paytm's ticketing business. With both giants strategizing for growth, it’ll be exciting to see how these moves impact their competition in the food delivery market. #Zomato #Swiggy #IPO #QIP #FoodDelivery #Funding #Startup #BusinessStrategy #Investment

0 replies2 likes

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BigLoot IN

BigLoot.in - Where S... • 6m

🚨 Zomato is Planning To Raise Over ₹4185 Crore Through QIP as Per Media Reports Zomato Has Cash Reserves of ₹12,539 Crore Swiggy’s IPO Size is Around ₹11,664 Crore Zomato Being Aggressive, Crucial Timings

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Rohan Saha

Founder - Burn Inves... • 6m

This fight between Swiggy and Zomato is getting more interesting day by day, bro. Now, Zomato has also announced its QIP.

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Thakur Ambuj Singh

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🚀 A Milestone Moment in the Food Delivery Industry! 🚀 Zomato congratulates Swiggy on their stock market debut! 🥳 This marks an incredible step forward for the industry, with two of India’s biggest food delivery giants now making waves in the fina

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Abdul Malik

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Zomato and Swiggy are the "Karan and Arjun of the entrepreneurial world." The IPO was oversubscribed by 3.59 times. The ₹11,300-crore IPO comprised fresh capital raise of ₹4,499 crore and an offer for sale (OFS) of 17.51 shares worth ₹6,828 crore. S

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Yash Barnwal

Gareeb Investor • 6m

Comparing the Pre-IPO📈Fundamentals: Swiggy vs. Zomato - Which Food Delivery Giant Has the Stronger Financials🤑? Share your views on this 🤓

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Rishi Chavan

Ignoramus • 12d

Swiggy is expanding its operations for 10 Min delivery feature Bolt and on the flip side Zomato has halted its feature Quick. 😂

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Thakur Ambuj Singh

🚀 Entrepreneur | Re... • 6m

🎉 A historic moment for Swiggy! 🎉 Today marks a major milestone as Swiggy rings the bell at the NSE celebrating its entry into the stock market! 🛎️📈 This achievement is a testament to the dedication, hard work, and passion of the entire Swiggy t

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Sanskar

Keen Learner & Explo... • 6m

You and I... In this beautiful world 💗 These are the exact words tweeted by Zomato on its main competitor Swiggy's successful IPO which opened at ₹420 on NSE with a 7.69% increase over the IPO price ₹390. Swiggy's IPO was over subscribed by 3.59 ti

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Yash Barnwal

Gareeb Investor • 6m

Swiggy is going public! The foodtech giant has filed its Draft Red Herring Prospectus (DRHP) with SEBI, marking its first step towards an IPO. Curious about what this means for the company and investors? Join the thread 🧵 for a deep dive into Swiggy

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Chamarti Sreekar

Passionate about Pos... • 7m

Zomato Ceo Deepender Goyal has opened up about the lowest moment, his company faced when Swiggy raised $1 billion, and zomato was at $35 million only. He said that it was there we are dead moment in the company.

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