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.

Tomas Kauer - News Moderator Tomas Kauer - News Moderator
Nov 29, 2024 - 23:00
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.