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#MCTech3 | Top tech and startup news this evening - 🎯One quick thing: Karnataka to hold skill summit, revamp industry cell ✳️ Motilal goes all in on Zomato, Zepto, Swiggy ✳️ SC blocks Byju's-owned Aakash's AoA move ✳️ Re-releases fuel box office growth Sign up for the… https://t.co/hsufzi2UTQ
🚨ETtech Deals Digest: Startups raise $2.13 billion in November, up 313% on-year 📌 @zomato raised Rs 8,500 crore through QIP largely led by domestic investors. 📌 Healthkart announced a $153 million secondary funding round. Read more at: https://t.co/Yx8Vq45NZ7
🚨 #ETtechTop5 | @zomato raises Rs 8,500 crore; subsidy package for electronics Also in the letter: ■ Australia's social media ban ■ Trump win boosts IT stocks ■ India expands EV incentives https://t.co/dRU905eAE5
Zomato has raised $1 billion through a Qualified Institutional Placement (QIP), equivalent to Rs 8,500 crore, marking its first major fundraising effort since its 2021 public listing. The funding round was largely led by domestic investors. This development comes as part of a broader trend of increased investment activity in November, with startups raising $2.13 billion, a 313% year-on-year increase. Other notable funding news includes Healthkart securing $153 million in a secondary funding round.