Zomato to hold board meeting on Oct 22 to discuss QIP fundraising and review Q3 financials.
On October 17, Zomato announced a board meeting for October 22 to discuss raising funds through a Qualified Institutional Placement (QIP), its first capital raise since going public three years ago. The board will also review the company's financial results for the quarter ending September 2024. Zomato recently reported a significant profit increase and plans to expand its quick-commerce service, Blinkit. Rival Swiggy is preparing for an IPO.
October 17, 2024
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