Zomato plans $1B raise ahead of Swiggy's IPO

By  
Artur Stańczuk
October 27, 2024
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Summary:

Zomato will raise $1B ahead of Swiggy's $1.4B IPO, shifting the market. This move may help Zomato reduce foreign ownership below 50%, making Blinkit more flexible with its inventory model. Swiggy’s IPO is expected next month.

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