Zomato Eyes New Funding via QIP as It Expands into New Verticals
The massive Indian foodtech company Zomato is preparing for rapid expansion as it plans to raise further funding.
Zomato Fundraise Via QIP Next Week? | Reasons Behind The Fundraise, Why Now? | Swiggy Vs Zomato
Reasons Behind The Fundraise, Why Now? | Swiggy Vs Zomato#zomato #zomatoshare #qip #fundraise #funding #swiggyipo #swiggy #etnow #businessnews #topnews
Zomato To Consider Raising Funds Via QIP
Zomato said that its board would consider raising funds by issuing equity shares via qualified institutional placement (QIP)
Zomato board to decide on funding via QIP on October 22
The food and grocery delivery major will put up the proposal to the board on October 22, on which day it will also declare its financial results for the July-September quarter.
Zomato to mull proposal to raise funds from institutional investors, stock falls
Though the size of the offer is not known, there is a buzz about the online food delivery firm raising anywhere between ₹8,000 crore and ₹9,000 crore
Zomato's surprise fundraising plan raises investor questions: Experts weigh in
Zomato’s fundraising plans may seem surprising given its strong cash position, it could be a strategic move to prepare for future growth and acquisitions, especially in a highly competitive and rapidly expanding e-commerce landscape.
Zomato’s shares fall, board to consider fundraising next week
Shares of Zomato were trading lower at ₹264.95 as of 10:36 am on the BSE. The stock opened at ₹256.05, around 5 per cent lower than the previous close on Thursday.
Zomato to mull fund raising on Oct 22 via QIP
Zomato informed that its board is scheduled to meet on 22 October 2024 to consider the proposal of raising of funds by issuance of equity shares by way of qualified institutions placement (QIP).
Zomato’s QIP salvo before Swiggy IPO will further fuel quick commerce frenzy
Zomato's decision to raise additional funds via QIP, despite holding $1.5 billion in cash, has sparked intrigue in the quick ...
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Zomato’s QIP Plans: What It Means Amid Rising Competition with Swiggy
Zomato called for a meeting on October 22 with its shareholders to discuss the prospect of the QIP, as well as unaudited ...
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Zomato considers raising ₹8,500 crore through institutional share sale
After the fund-raising, Zomato intends to approach the Reserve Bank of India (RBI) to cap its Foreign Institutional ...
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Zomato considers fresh funding as quick commerce battle intensifies
Zepto and Swiggy (post IPO), will potentially have a cash balance of USD 1 billion and 1.3 billion, which is largely in line ...
Zomato's upcoming fund raise plan worth Rs 8,500 crore likely to get board nod, says CNBC-TV18
The food delivery aggregator's board will consider the proposal for fundraise through qualified institutions placement (QIP) ...
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Karnataka mulls 1-2% transaction fee on Zomato, Swiggy, others
The Karnataka government is mulling a 1-2% transaction fee on aggregator platforms like Zomato, Swiggy, Flipkart, Amazon, Ola ...
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Karnataka to impose cess on Zomato, Uber, Swiggy payments to support gig workers
Karnataka Labour Minister Santosh Lad said that the charge would be levied only on transport and not on the purchase of ...
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Zomato QIP: Why fundraise despite Rs 10,000 crore cash on books? ‘Swiggy IPO is...’ - Karan Taurani decodes
According to Elara Securities' Karam Taurani, it is that this is like a war chest kind of a cash which can be used in the ...