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Zomato raises Rs 1,800cr from five investors English.Lokmat.com

Zomato raises Rs 1,800cr from five investors

New Delhi, Feb 23 Foodtech unicorn Zomato has raised $250 million (around Rs 1,800 crore) in a new ...
Zomato raises Rs 1,800cr from five investors

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.

( With inputs from IANS )

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

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