• Zomato is planning to raise about ₹8,500 crore through a Qualified Institutional Placement (QIP) to grow its quick delivery service, Blinkit. This money will help the company open more dark stores and improve delivery services. • Zomato's quick delivery business is growing fast, even beating food delivery in some areas. The company is facing tough competition from Swiggy, which is also raising funds for similar growth. • This fundraising is important for Zomato to stay competitive in the fast-changing quick commerce market. Follow For More!
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