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Zomato

Zomato Raises ₹8,500 Crore via QIP to Fuel Growth and Quick Commerce Expansion

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Zomato, India’s leading food delivery platform, announced the successful completion of its ₹8,500 crore fundraising through a Qualified Institutions Placement (QIP) of equity shares. This capital-raising initiative, which received shareholder approval last week, underscores Zomato’s strategic focus on strengthening its financial position and expanding its operations, particularly in the quick commerce sector through Blinkit. QIP … Read more

Zomato’s Deepinder Goyal donates entire $90 mn of vested ESOPs

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Deepinder Goyal, co-founder and CEO of online food aggregator and delivery platform Zomato, has announced that he will donate the whole revenues from the vesting of some of his employee stock option plans (ESOPs) to the Zomato Future Foundation (ZFF). Goyal received some ESOPs before Zomato went public last year, and some of them vested … Read more