Saturday, 23 November, 2024

Zomato Shareholders Approve ₹8,500 Crore Fundraising Plan

Zomato’s shareholders have approved a ₹8,500 crore Qualified Institutional Placement (QIP) to strengthen the company’s financial position and fund growth initiatives. The plan aligns with Zomato's strategy to expand its market footprint and invest in key operational areas. This significant move reflects investor confidence and positions Zomato for sustainable growth in the highly competitive food delivery and tech space.