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.
Equities rose in Japan, South Korea and Sydney, with futures pointing to a soft open in Hong Kong. US contracts edged higher in Asia after
Quadrant Future Tek plans to raise Rs 290 crore through an IPO to repay debt, fund capex, and support working capital. The company is expanding
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