<ul><li>Zomato plans to raise fresh capital through a Qualified Institutions Placement (QIP).</li><li>The company will hold a board meeting on October 22, 2024, to discuss the fundraise and release its unaudited financial results.</li><li>This move comes as Zomato's rival, Swiggy, prepares for a significant IPO, raising approximately Rs 10,414 crore to Rs 11,664 crore ($1.25–1.4 billion).</li><li>Meanwhile, Zepto, another quick commerce competitor, is reportedly close to securing $100 million in new funding at a $5 billion post-money valuation.</li></ul>

Zomato to consider fresh capital raise via QIP amid rival Swiggy's IPO plans

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