With IPO in sight, investors see Zomato feeding many more mouths
Zomato’s latest funding round values the firm at a pre-money valuation of Rs37,850 crore ($5.15 billion)Premium
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While investing around $100 million in Zomato Pvt. Ltd in its previous funding round, Kora Management LP had said: “With 700 million active broadband subscribers in India, of which 500 million have come online only in the past four years, Zomato has many more mouths it can feed. About three months later, while the broadband subscriber base has not changed much, the assessment of how many mouths Zomato can feed has increased quite dramatically. Zomato’s latest funding round values the firm at a pre-money valuation of ₹37,850 crore ($5.15 billion). For the previous funding round of $660 million, the pre-money valuation stood at ₹24,300 crore ($3.24 billion). That represents a jump of 56% in a matter of just a few months.