#Zomato raises $1 billion in first major fundraise since 2021 listing

#Zomato raises billion in first major fundraise since 2021 listing

#Zomato raises $1 billion in first major fundraise since 2021 listing

Admin2 years ago04 mins

Zomato has raised $1 billion through a so-called qualified institutional placement, completing its first major fundraise since its 2021 IPO. The $30 billion food delivery and quick-commerce giant, which leads both those categories, issued approximately 336.5 million shares at ₹252.62 each ($3), according to a stock exchange filing on Friday. The placement, which opened on…

#Zepto, snagging billion in 90 days, projects 150% annual growth

#Zepto, snagging $1 billion in 90 days, projects 150% annual growth

Admin2 years ago04 mins

Zepto co-founder Aadit Palicha told a group of analysts and investors on Tuesday that the Indian delivery startup anticipates growth of 150% in the next 12 months, a remarkable figure suggesting the fast-growing quick commerce market in India is showing no signs of slowing down. Palicha shared these insights during a call organized by an…