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'Not raising money for aggressive discounting': Zomato CFO

  • Zomato's finance chief, Akshant Goyal, stated that the company is not raising funds for aggressive discounting.
  • Zomato intends to raise around $1 billion to strengthen its balance sheet, but believes that discounting won't help the business.
  • Zomato is focused on expanding its quick commerce offerings and plans to open 1,000 dark stores by the end of 2026.
  • While its quick commerce segment has shown significant revenue growth, the expansion has impacted margins and take rates for Blinkit.

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