Zomato recently raised ₹8,500 crore in funding through a qualified institutional placement (QIP) for scaling up its quick commerce business infrastructure and towards marketing. The overall surge in valuations and visibility prompted its rival Swiggy too to get listed in November.
What just happened in US bond market
The selloff is the latest sign of the power of government bond markets to act as a restraint on policymakers, while talk of a return