Zomato, led by Deepinder Goyal, has secured shareholder approval to raise ₹8,500 crore through a Qualified Institutions Placement (QIP). This move aims to strengthen its cash reserves and support growth amid fierce competition, especially with Swiggy’s recent IPO. The shift from losses during its IPO days to consistent cash generation highlights Zomato's evolution. However, its reserves dipped ₹1,726 crore last quarter, largely due to the ₹2,014 crore acquisition of Paytm’s entertainment ticketing arm. This fundraising will help the company scale further and navigate market dynamics effectively.