Indian food delivery giant Zomato secures $660 million

Indian food delivery giant Zomato secures $660 million

Zomato has raised $660 million in a financing spherical — Series J — that it kicked off final 12 months because the Indian meals supply startup prepares to go public subsequent 12 months.

The Indian startup mentioned Tiger Global, Kora, Luxor, Fidelity (FMR), D1 Capital, Baillie Gifford, Mirae, and Steadview participated within the spherical, which provides Zomato a post-money valuation of $3.9 billion. Zomato had beforehand disclosed fundraise of about $212 million as a part of Series J spherical from Ant Financial, Tiger Global, Baillie Gifford, and Temasek.

Deepinder Goyal, the co-founder and chief government of Zomato, mentioned the 12-year-old startup can also be within the means of closing a $140 million secondary transaction. “As a part of this transaction, we’ve already offered liquidity price $30m to our ex-employees,” he tweeted.

More to comply with…

Read More:  Marlon Nichols will discuss how to secure seed funding at Early Stage 2021


Add comment