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Vaibhav Babruwan Shingde

Student • 6m

• 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 replies7 likes

Replies (8)

Anonymous 2

Hey I am on Medial • 6m

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

1 replies2 likes

Anonymous 3

Hey I am on Medial • 6m

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

1 replies1 like

Anonymous 1

Hey I am on Medial • 6m

Damn, this guy knows what he is doing.

1 replies1 like

Havish Gupta

Figuring Out • 6m

Great to see you back on this platform again!

1 replies1 like

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Vikram Kumar

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🚨 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

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Anonymous

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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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Pika

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Too fast to last? Zomato closes quick and 'everyday' 'services'😱😱 Due to citing challenges in profitability and customer experience,Zomato officially discontinued it's 15-minute delivery service.

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Zomato Raises Rs 8.5k Crore in QIP By Applyly November 30, 2024 Zomato Raises Rs 8.5k Crore The food delivery giant Zomato is doing wonders on social media. The startup is in news nearly every week. The startup has successfully raised Rs. 8.5k crore

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Shivam Gupta

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Zomato close his quick 10 minutes fast food services.

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Rohan Saha

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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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Saksham Pandey

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Quick commerce is going to make Zomato 100 billion dollar company

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Just a little over three months after introducing its 15-minute food delivery option, foodtech giant Zomato is discontinuing its ‘Quick’ service. In a letter to shareholders, Zomato’s parent company, Eternal, also announced plans to wind down its me

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