Zomato's $1 Billion Share Sale Amid Intense Competition in India's Quick-Commerce Sector

Zomato plans to raise $1 billion through a share sale as it faces escalating competition in India's quick-commerce sector and prepares for rival Swiggy's public debut. The move aims to strengthen its market position and potentially transform the company into a majority domestic-owned entity, enabling strategic shifts in operations. Mumbai-based Zepto also pursues a fundraise of approximately $100 million from Indian investors.

Citation:
[1] TechCrunch