Zomato has successfully raised ₹8,500 crore through a qualified institutional placement (QIP), attracting several domestic investors including ICICI Prudential and HDFC MF. The company’s board approved the issuance of 33 crore equity shares at ₹252.62 each, resulting in a premium of ₹251.62 and a discount of ₹13.29 per share. This fundraising effort comes as the quick commerce sector grows increasingly competitive, with significant capital being injected into the industry. Zomato announced its intention to raise fresh capital last month amid this competitive landscape.