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Zomato's valuation crosses $5.4 billion, after raising $250 million

Food delivery giant Zomato has raised another $250 million in primary fundraise from existing and new investors, ahead of its expected initial public offering (IPO) this year. Info Edge (IE), which is an existing shareholder in Zomato said in a stock exchange filing that the transaction has taken the post-money valuation of the company to $5.4 billion. This is an increase from its previous valuation of $3.9 billion in December last year when it closed a $660 million primary financing round.
“On a fully converted and diluted basis, Info Edge’s effective stake in Zomato stands at 18.4 per cent,” said Info Edge in the stock exchange filing. ....

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Zomato raised Rs 4,851 crore capital, 10 new investors invested | जोमैटो ने जुटाई 4,851 करोड़ रुपए की पूंजी, 10 नए निवेशकों ने किया निवेश

Zomato raised Rs 4,851 crore capital, 10 new investors invested | जोमैटो ने जुटाई 4,851 करोड़ रुपए की पूंजी, 10 नए निवेशकों ने किया निवेश
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