Zomato Raises ₹8,500 Crore to Bolster Growth in Quick Commerce

Zomato, India’s leading food and grocery delivery platform, has raised ₹8,500 crore through a qualified institutional placement (QIP). The round witnessed participation from prominent domestic investors such as ICICI Prudential, HDFC Mutual Fund, and Motilal Oswal, among others, underscoring strong confidence in the company’s growth potential.

According to a filing made on Friday, Zomato’s Fundraising Committee approved the issuance and allotment of 33 crore equity shares with a face value of ₹1 each at an issue price of ₹252.62 per share. This includes a premium of ₹251.62 per share and a discount of ₹13.29 per share, aggregating to ₹8,500 crore.

The fundraising aligns with Zomato’s strategic focus on strengthening its position in the increasingly competitive quick commerce industry, which has been witnessing substantial investment inflows. The funds are expected to support the company’s efforts in scaling operations, expanding into new markets, and enhancing its delivery infrastructure.

This development comes at a time when the quick commerce sector, which emphasizes ultra-fast delivery of groceries and essentials, is growing rapidly. By securing this capital, Zomato is poised to maintain its leadership in food delivery while accelerating growth in the grocery delivery space.

Zomato’s ability to attract significant investor interest highlights its resilience and long-term vision in navigating India’s dynamic e-commerce landscape. The Gurgaon-based company’s strategic investments in technology, logistics, and partnerships are expected to position it strongly against competitors and drive sustained growth.