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zomato

The image shows Zomato raising a $1 billion fund, depicted by a Zomato delivery person on a scooter carrying a large money bag. Instamart and Zepto delivery people on bicycles are shown behind, representing competition.

Zomato Gears Up for a Competitive Push: A Billion-Dollar Fundraising Initiative

By
Entrepreneurship Studio

Zomato is set to raise Rs 8,500 crore ($1 billion) through a Qualified Institutional Placement of shares to enhance its cash position as it competes with Swiggy and other quick commerce players. CEO Deepinder Goyal stressed that while capital alone cannot secure victory, it is crucial for maintaining a level playing field in a cash-intensive business. With competition intensifying and Swiggy’s upcoming IPO, Zomato aims to fortify its financial standing and continue scaling its operations.

The image features Deepinder Goyal, CEO of Zomato, smiling with arms crossed. In the background is a mobile phone screen displaying the Zomato app, showcasing food delivery deals like "Epic Deals" and "40% Off." Beside him, a graphic illustration shows a delivery person on a blue scooter carrying a package, representing Zomato Xtreme’s logistics service. The logos of "Xtreme by Zomato" and "Zomato" appear prominently in the backdrop against a red and green design.

Zomato’s Revamp of Xtreme: A Bold Experiment to Recalibrate Logistics

By
Entrepreneurship Studio

Zomato is once again venturing into logistics with the revamped launch of Xtreme, its parcel delivery service. After suspending the service in July due to low demand, the food delivery giant is now refocusing Xtreme to align with its core strength—last-mile food delivery. Initially aimed at a broad logistics market, Xtreme 2.0 will now serve restaurants that manage their own orders but need high-quality delivery solutions. This move is part of Zomato’s ongoing strategy of experimentation, testing new business lines while staying anchored in its food delivery expertise. Will this pivot lead to lasting success? Only time will tell.