Zomato Limited, a leading foodtech company, has raised Rs 8,500 crore through a Qualified Institutional Placement (QIP) of equity shares, marking its first major fundraising since its 2021 IPO.

Swiggy, the food delivery giant, is making headlines as it prepares to launch one of India’s most significant initial public offerings (IPOs) in the tech-driven food delivery sector.

Swiggy, one of India's leading food tech platforms, has unveiled its Bolt initiative, a rapid 10-minute delivery service for meals and beverages.

Zomato and Swiggy have been facing tough time to improve their margins and make money in highly competitive food delivery space.