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Zomato To Consider Raising Funds Via QIP
- Zomato's board will consider raising funds through qualified institutional placement (QIP).
- The quantum of funding has not been disclosed.
- Zomato's board will also discuss and approve its financials for the September quarter.
- Zomato faces intense competition in the quick commerce space from rivals such as Zepto, Instamart, Flipkart Minutes, BigBasket, and JioMart.
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