Indian foodtech unicorn Zomato has raised $250 million as it is set out toward the financial exchanges with a first sale of stock (IPO).
Zomato has raised the most recent venture from speculation firms like Kora Management, Fidelity Management, Tiger Global, Bow Wave Capital Management and Dragoneer Investment Group, shows an administrative recording by one of the organization’s soonest financial backers Info Edge.
The most recent speculation pushes Zomato’s valuation to $5.4 billion from its past $3.6 billion.
Zomato has been raising finances the most recent year, as well, in is’ opinion to be a pre-IPO round.
Zomato’s raise support in 2020
| Tiger Global | $102.5 million | September, 2020 |
| Temasek | $62 million | September, 2020 |
| Pacific Horizon Investment Trust | $5 million | April, 2020 |
| Ant Financial | $150 million | January, 2020 |
With the latest fundraise, Info Edge’s stake has come down to 18.4%
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