Wednesday, July 9, 2025
spot_img

Zomato raises Rs 1,800cr from five investors

Date:

Share post:

spot_imgspot_img

New Delhi, Feb 23 : Foodtech unicorn Zomato has raised $250 million (around Rs 1,800 crore) in a new funding round from five different investors.
The transactions valued Zomato at a post-money valuation of $5.4 billion, Info Edge, a publicly listed investor in Zomato, disclosed in a filing to National Stock Exchange of India on Monday.
The new valuation marks an increase from $3.9 billion valuation of Zomato in December.
The five investors who have pumped money in the new round are Kora (which contributed $115 million), Fidelity ($55 million), Tiger Global ($50 million), Bow Wave ($20 million) and Dragoneer ($10 million).
The new funding for Zomato comes just a couple of months after closing a $660 million financing round.
The new round suggests strong investor confidence in Zomato which is preparing for its IPO later this year.
The financing also suggests strong investor confidence in Zomat’s business which got affected to some extent last year due to the Covid-19 restrictions.(IANS)

spot_imgspot_img

Related articles

Vadodara bridge collapse: Death toll rises to 9, PM Modi expresses grief

Vadodara, July 9: The death toll in the Vadodara bridge collapse mounted to nine, said officials here on...

Many of you can become astronauts, walk on Moon: Shubhanshu tells students at NESAC

NEW DELHI, July 8: “Many of you can become future astronauts, even walk on the Moon,” Shubhanshu Shukla...

Keep all 18 Khasi villages in Meghalaya: Heads of Raid Nongtung urge Conrad

SHILLONG, July 8: The traditional village heads along the Assam-Meghalaya border in Ri-Bhoi, under the banner of the...

Drug addiction fuels rise in petty crimes in city, says police

SHILLONG, July 8: There is a rise in petty crimes such as thefts and burglaries in the city,...