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Hey I am on Medial • 8m

• 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!

8 Replies

Replies (8)

Anonymous 2

Hey I am on Medial • 8m

Raising more money might help in the short term, but what about long-term profitability with such tough competition?

1 Reply

Anonymous 3

Hey I am on Medial • 8m

Bro this guy will never fail. I don't think he can. He is too smart

1 Reply

Anonymous 1

Hey I am on Medial • 8m

Damn, this guy knows what he is doing.

1 Reply

Havish

. • 8m

Great to see you back on this platform again!

1 Reply

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Zomato's shareholders have approved the plan to Rs 8,500 crore through a QIP. 99.8% of the shareholders have voted in favour of the fundraise.They have also approved setting up an ESOP trust and giving an interest-free loan to the trust.

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