Zomato closes Rs 8,500 crore QIP; Motilal Oswal, ICICI Prudential among big domestic investors

Zomato raised Rs 8,500 crore through QIP by issuing and allotting 33 crore equity shares at an issue price of Rs 252.62 per share. The company's board approved this fundraising initiative, which was announced last month. This capital infusion comes at a competitive time for the quick commerce industry receiving a surge in funds.