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Zomato raises $1B in first major fundraise since 2021 listing

Indian food delivery app Zomato has raised $1 billion from institutional investors, completing its first major fundraise since its 2021 IPO. The food delivery and quick-commerce giant issued approximately 336.5 million shares priced at β‚Ή252.62 each ($3) in a qualified institutional placement, according to a stock exchange filing on Friday. The fundraise saw strong participation […]

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India, already an IPO bright spot, prepares for bigger surge in 2025

India has bucked the global trend in initial public offerings this year, establishing itself as a rare bright spot for tech listings while other major markets face continued headwinds. The world’s most populous nation is now preparing for an even more substantial wave of startup IPOs in 2025. More than 20 startups are preparing to […]

Β© 2024 TechCrunch. All rights reserved. For personal use only.

Zepto raises another $350M amid retail upheaval in India

Zepto has secured $350 million in new funding, its third round of financing in six months, as the Indian quick-commerce startup strengthens its position against its competitors ahead of a planned IPO next year. Indian family offices, wealthy individuals, and asset manager Motilal Oswal invested in the round, which maintains Zepto’s $5 billion valuation. Motilal […]

Β© 2024 TechCrunch. All rights reserved. For personal use only.

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