Zomato to raise Rs 8,500 cr as q-comm firms build up war-chest for expansion

Bengaluru: Zomato, on Tuesday, said its board had approved a fund raise of Rs 8,500 crore via qualified institutional placement (QIP), and reported its quarterly earnings for the July-September quarter (Q2FY25) on Tuesday. The latest planned capital infusion comes amidst heated competition in the quick commerce sector.