Zomato may raise ₹8,500 crore through its QIP, say sources
1 day ago · Home Market News Zomato may raise ₹8,500 crore through its QIP, say sources — Why is it significant Zomato may raise ₹8,500 crore through its QIP, say sources — Why is it significant Zomato's cash balance at the end of the June quarter stood at ₹12,539 crore but that was before the company signed definitive agreements to acquire Paytm ...
Zomato board to decide on funding via QIP on October 22
1 day ago · This will be the first fundraise for Zomato – which has a market capitalisation of Rs 2.4 lakh crore – since its initial public offering (IPO) in July 2021, when it raised Rs 9,000 crore in fresh capital. The Gurugram-based company’s plans to raise capital comes close on the heels of its key rival, Bengaluru-based Swiggy’s IPO, which is ...
Zomato likely to approve Rs 8,500 crore fund raise, says CNBC-TV18
1 day ago · October 18, 2024 / 11:04 IST. CNBC-TV18 quoted sources saying that it is likely the Zomato may apply to the Reserve Bank of India to cap the FII shareholding at 49%. Leading online food service ...
Zomato Fundraising: Zomato considers fresh funding as quick …
1 day ago · Advt. This will be Zomato's first fundraise, three years after its IPO in 2021 July. As of June 2024, Zomato's cash balance stands at around Rs 12,241 crore. According to Zomato's April - June ...
India's Zomato rockets to all-time high as Blinkit delivers stellar ...
Aug 2, 2024 · Shares of India's Zomato surged as much as 19% to a record high on Friday, a day after the food delivery company's first-quarter profit blew past expectations, powered by strong growth in its...
Zomato’s 260% Stock Surge Has Analysts Scrambling to Catch Up
Apr 15, 2024 · Zomato Ltd. has outpaced gains in all the world’s major delivery stocks over the past year, sending analysts scrambling to boost their outlooks for the Indian company as its profitability...
Blinkit delivers surging Q1 profit for India's Zomato | Reuters
BENGALURU, Aug 1 (Reuters) - India's Zomato (ZOMT.NS) reported a bigger-than-expected increase in quarterly profit on Thursday, fueled by soaring demand at its quick commerce division Blinkit...
Zomato IPO: Shares of Indian food delivery start-up surge in …
Jul 23, 2021 · Shares of Indian food delivery start-up Zomato jumped as high as 82% during its market debut on Friday. The initial public offering price was set at 76 rupees a share and the stock opened 52.63%...
Zomato raises $562 million from anchor investors ahead of IPO
Jul 13, 2021 · Indian food-delivery startup Zomato said on Tuesday evening that it has raised $562.3 million from its anchor investors ahead of its IPO opening on Wednesday.
Zomato Turns Profitable Amid India’s Online Food Ordering Boom
Aug 3, 2023 · Food delivery firm Zomato Ltd. posted its maiden quarterly profit with increasing subscriptions for its loyalty program driving a 72% growth in revenue.