wordpress blog stats
Connect with us

Hi, what are you looking for?

, ,

Zomato raises $250 million from five investors, valuation reaches $5.4 billion

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 has intentions of going public in 2021, and the company has been on a fundraising spree, as it gears up for its initial public offering. In December 2020, Zomato had raised US$660 million, at a valuation of $3.9 billion. That round had seen investments coming from ten investors, including Tiger Global, Kora, Luxor, Fidelity, D1 Capital, Baillie Gifford, Mirae, and Steadview. Before that, in November 2020, a total of $195 million (₹1,452.4 crore) was invested into the company. In October 2020, Kora Investments pumped in $52 million into the company. In September 2020, MacRitchie Investments, a subsidiary unit of Singapore-based Temasek Holdings, had invested $60 million.

Also read: 

Advertisement. Scroll to continue reading.

Written By

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.



When news that Walmart would soon accept cryptocurrency turned out to be fake, it also became a teachable moment.


The DSCI's guidelines are patient-centric and act as a data privacy roadmap for healthcare service providers.


In this excerpt from the book, the authors focus on personal data and autocracies. One in particular – Russia.  Autocracies always prioritize information control...


By Jai Vipra, Senior Resident Fellow at Vidhi Centre for Legal Policy The use of new technology, including facial recognition technology (FRT) by police...


By Stella Joseph, Prakhil Mishra, and Yash Desai The Government of India circulated proposed amendments to the Consumer Protection (E-Commerce) Rules, 2020 (“E-Commerce Rules”) which...

You May Also Like


Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...


By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...


135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...


Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Your email address:*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ