Zomato Gets Green Light for ₹8,500 Crore Fundraiser

Zomato has received shareholder approval to raise ₹8,500 crore through a Qualified Institutions Placement (QIP). This move aims to strengthen its balance sheet after significant investments, including acquiring Paytm’s entertainment ticketing business. The company’s cash reserves have dipped, but this fundraising will help stabilize finances and support future growth