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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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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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