Zomato has been grappling with the financial fallout of a nationwide lockdown earlier this yr
Mumbai:
Meals supply startup Zomato raised $195 million from six buyers, together with US-based hedge funds Kora Administration and Luxor Capital, in line with a regulatory submitting on Friday.
The fundraising values the corporate, one in all India’s most distinguished start-ups, at a post-money valuation of $3.6 billion, in line with the submitting by high shareholder Data Edge (India).
The funding is the newest in a slew of funding for Zomato in current months, forward of its deliberate preliminary public providing within the first half of 2021.
In September, the corporate raised $160 million from US hedge fund Tiger World Administration LLC and a unit of Singapore’s Temasek Holdings.
Zomato, like many different startups in India, has been grappling with the financial fallout of a two-month nationwide lockdown earlier this yr to curb the unfold of coronavirus.
It diversified into grocery and alcohol deliveries as a approach to maintain itself in the course of the pandemic.
Discover more from News Journals
Subscribe to get the latest posts sent to your email.
