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Zomato investors wait, watch how Blinkit plays out

The first quarter results have encouraged analysts to lower their respective loss forecasts for Zomato

Zomato raises Rs 1,800 crore from five investors

Five investors are Kora, Fidelity, Tiger Global, Bow Wave and Dragoneer. Zomato is preparing for its IPO later this year. New Delhi: 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).

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