Zomato raises $1B from domestic mutual funds through QIP

Quick Summary:

Zomato's peer Zepto has raised $1.35 billion over the last six months; its latest round of $350 million was led by Motilal Oswal’s Private Wealth division, along with investment from Indian HNIs and family offices.

This marks its first major fundraise since its IPO in 2021.

The issue opened on November 25 and closed on November 28.

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Author / Journalist: Akshita Toshniwal

Category: StartupsEconomyBusiness

Markets: India

Topics: Domestic Funds Quick Privacy Policy Issue Fundraise Mutual Crore Allotted Zomato

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-29 @ 06:10:09 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: yourstory.com

Language: English

Article Length: 244 words

Reading Time: 2 minutes read

Sentences: 16 lines

Sentence Length: 16 words per sentence (average)

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Copyright Owner: © YourStory

News ID: 23938571

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