Zomato raises Rs 1,800 crore in new funding round from five investors



Foodtech unicorn has raised $250 million (around Rs 1,800 crore) in a new round from five different investors.


The transactions valued 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 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 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


gb/na

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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