Food delivery aggregator Zomato has raised Rs 8,500 crore by selling equity shares to qualified institutional investors, mainly domestic mutual fund houses, to fund its expansion and growth plans.In a regulatory filing on Friday, Zomato informed that it has raised Rs 8,500 crore through a Qualified Institutional Placement (QIP) issue. This is the first major fund-raise since the company got listed on the stock exchanges in July 2021.The shares were allotted to investors at a 5% discount from the floor price, which was fixed at Rs 265.91 per share.Four domestic mutual fund houses - ICICI Prudential, Motilal Oswal, HDFC and Kotak - were allotted over 5% of the equity shares offered in the QIP issue. Motilal Oswal emerged as the biggest participant picking up 21% share.

Motilal, ICICI among investors in Zomato

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{{magzter}} is the World's largest and fastest growing self-service, cross-platform digital newsstand with over 87 million users since its inception in 2011 and thousands of magazines and newspapers across 40+ categories and 60+ languages. Headquartered in New York, Magzter has its local presence in Amsterdam, London, Mexico City, Chennai, Mumbai, New Delhi, Bengaluru, Singapore, and will soon be expanding to other countries. Founded by global entrepreneurs, Girish Ramdas and Vijay Radhakrishnan in June 2011, Magzter enables magazine and newspaper publishers around the world to create and deliver digital editions of their titles to global consumers.