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Zomato raises $250 million from five investors, valuation reaches $5 4 billion

February 23, 2021 Online food delivery platform Zomato raised $250 million from five different investors as part of a primary round led by Kora Management. The latest round took Zomato to a post-money valuation of $5.4 billion. Info Edge, which holds a stake in Zomato, disclosed the round in a regulatory filing on Monday. As part of the round, Zomato raised $115 million from Kora Management. Funds or accounts advised or sub-advised by Fidelity Management & Research Company and its affiliates pumped in $55 million. The company also raised $50 million  from Tiger Global, $20 million from Bow Wave Capital Management, and  $10 million from Dragoneer Investment Group. Info Edge’s effective stake in Zomato stood at 18.4% following the fundraise.

Zomato Raises 250mn In Funding From Tiger Global Kora And Others

BW Businessworld Zomato Raises $250mn In Funding From Tiger Global, Kora And Others Zomato s FY20 revenue had jumped over two-folds to USD 394 million (around Rs 2,960 crore) from the previous fiscal, while its Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) loss was at around Rs 2,200 crore in FY2019-20. Photo Credit : Info Edge on Monday said its investee company Zomato has raised USD 250 million (over Rs 1,800 crore) in funding from Tiger Global, Kora and others, valuing the online food ordering platform at USD 5.4 billion. Zomato Pvt Ltd has closed a primary fundraise of USD 250 million from five different investors.The transactions valued Zomato at a post-money valuation of USD 5.4 billion (exchange rate of Rs 73.5 per US dollar), Info Edge said in a regulatory filing.

IPO-bound Zomato s valuation jumps to $5 4 billion as it cashes in another $250 million

IPO-bound Zomato s valuation jumps to $5.4 billion as it cashes in another $250 million Sanchita DashFeb 23, 2021, 08:17 IST Zomato founder Deepinder GoyalBCCL Zomato has raised the latest investment from five different investment firms. The foodtech unicorn has been raising funds in the last year, in what is thought to be a pre IPO round. Founded in 2008 by Deepinder Goyal, Zomato is on its way to be one of the first startups in the country to head for an IPO.Indian foodtech unicorn Zomato has raised $250 million as it is headed for the stock markets with an initial public offering (IPO). Zomato has raised the latest investment from investment firms like Kora Management, Fidelity Management, Tiger Global, Bow Wave Capital Management and Dragoneer Investment Group, shows a regulatory filing by one of the company’s earliest investors Info Edge.

Zomato raises $250 million in funding from Tiger Global, Kora and others

Zomato raises $250 million in funding from Tiger Global, Kora and others Updated: Updated: February 23, 2021 10:27 IST Zomato has previously stated that it plans to go for an initial public offering (IPO) in the first half of 2021. Share Article Zomato has raised over ₹1,800 crore in funding from Tiger Global, Kora and others.   Zomato has previously stated that it plans to go for an initial public offering (IPO) in the first half of 2021. Info Edge on Monday said its investee company Zomato has raised $250 million (over ₹1,800 crore) in funding from Tiger Global, Kora and others, valuing the online food ordering platform at $5.4 billion.

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