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

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 […] © 2024 TechCrunch. All rights reserved. For personal use only.

Nov 29, 2024 - 11:00
Zomato raises $1B in first major fundraise since 2021 listing

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 […]

© 2024 TechCrunch. All rights reserved. For personal use only.

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