Zomato bags Rs 8,500 crore via QIP, Motilal Oswal puts in Rs 1,700 crore

Zomato has raised ₹8,500 crore through a qualified institutional placement priced at ₹252.62 per share. Domestic investors including Motilal Oswal, ICICI Prudential, and HDFC Mutual Fund participated. The funds will be used to expand Zomato's quick commerce business, Blinkit, and for advertising and marketing purposes. Blinkit aims to increase its dark stores to 2,000 by 2026.