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

  • Thread starter Thread starter Manish Singh
  • Start date Start date
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Manish Singh

Indian food delivery app Zomato has raised $1 billion from institutional investors, completing its first major fundraise since its 2021 IPO. The food delivery and quick-commerce giant issued approximately 336.5 million shares priced at ₹252.62 each ($3) in a qualified institutional placement, according to a stock exchange filing on Friday. The fundraise saw strong participation […]

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