Zomato’s board will meet on October 22 to consider raising ₹8,500 crore via a Qualified Institutional Placement (QIP), sources say. The company plans to cap foreign institutional investor (FII) holding at 49%, aiming to boost domestic ownership.
The funds could be used for investments in quick commerce, marketing, or acquisitions, according to CNBC’s report. Karan Taurani of Elara Capital noted strong investor interest in Zomato, highlighting the company’s high-growth potential. Zomato’s fundraise is expected to draw attention, given its strategic focus on domestic and inorganic growth.
