{"id":869127,"date":"2024-10-23T09:15:39","date_gmt":"2024-10-23T03:45:39","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=869127"},"modified":"2024-10-23T09:27:40","modified_gmt":"2024-10-23T03:57:40","slug":"zomato-to-raise-%e2%82%b98500-cr-via-qip-as-it-braces-for-intensifying-competition","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/10\/23\/zomato-to-raise-%e2%82%b98500-cr-via-qip-as-it-braces-for-intensifying-competition\/","title":{"rendered":"Zomato to raise \u20b98,500 cr via QIP as it braces for intensifying competition"},"content":{"rendered":"<p>The board of Zomato has approved a proposal to raise \u20b98,500 crore via a qualified institutional placement (QIP) of shares to help the food and grocery delivery company take on competition from rival players like IPO-ready Swiggy and Zepto. <\/p>\n<p>The Gurugram-based company\u2019s cash balance fell to \u20b910,800 crore in the September quarter of FY25 from \u20b914,400 crore when it launched an initial public offering (IPO) in 2021, mainly on account of funding past quick-commerce losses and some equity investments and acquisitions.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The board of Zomato has approved a proposal to raise \u20b98,500 crore via a qualified institutional placement (QIP) of shares to help the food and grocery delivery company take on competition from rival players like IPO-ready Swiggy and Zepto. The Gurugram-based company\u2019s cash balance fell to \u20b910,800 crore in the September quarter of FY25 from \u20b914,400 crore when it launched an initial public offering (IPO) in 2021, mainly on account of funding past quick-commerce losses and some equity investments and acquisitions.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[55,13,4],"tags":[],"class_list":["post-869127","post","type-post","status-publish","format-standard","hentry","category-it-2-live-mint","category-live-mint","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/869127","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=869127"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/869127\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=869127"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=869127"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=869127"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}