Zomato bags Rs 1,800 crore in new funding round from five investors
By MYBRANDBOOK
Zomato has raised $250 million (around Rs 1,800 crore) in a new funding round from five different investors. The transactions valued Zomato at a post-money valuation of $5.4 billion, Info Edge, a publicly listed investor in Zomato, disclosed in a filing to the National Stock Exchange of India. The new valuation marks an increase from the $3.9 billion valuation of Zomato in December.
The five investors who have pumped money in the new round are Kora (which contributed $115 million), Fidelity ($55 million), Tiger Global ($50 million), Bow Wave ($20 million) and Dragoneer ($10 million).
The new funding for Zomato comes just a couple of months after closing a $660 million financing round. The new round suggests strong investor confidence in Zomato which is preparing for its IPO later this year.
The financing also suggests strong investor confidence in Zomato's business which got affected to some extent last year due to the Covid-19 restrictions.
TAC Security becomes Cyber Security Assessor for the App Defen
The cybersecurity company, TAC Security has been selected as a key Cyber ...
InterGlobe’s Rahul Bhatia and C.P. Gurnani together announce
In a move that is set to transform the AI landscape, Rahul Bhatia, Group M...
Download masked Aadhaar to improve privacy
Download a masked Aadhaar from UIDAI to improve privacy. Select masking w...
Sterlite Technologies' Rs 145 crore claim against BSNL rejecte
An arbitrator has rejected broadband technology company Sterlite Technolog...
MICROTEK INTERNATIONAL PVT. LTD.
LENOVO GROUP LTD.
CP PLUS INDIA PVT. LTD.
SAMSUNG INDIA ELECTRONICS PVT. LTD.
Technology Icons Of India 2023: Alok Ohrie
Alok plays a critical role in the Government of India’s Atal Innovat...
Technology Icons Of India 2023: Anil Kumar Aggarwal
Anil Agarwal is an Indian billionaire businessman who is the founder a...
Technology Icons Of India 2023: Ashwini Vaishnaw
Ashwini Vaishnaw is an Indian politician and former IAS officer and is...
ITI Limited widening its focus area
ITI Limited is a public sector undertaking company, has manufacturing ...
BEL leveraging next generation technologies to keep the country ahead in Defence space
Bharat Electronics Limited (BEL) is a Navratna PSU under the Ministry ...
BSE provides highly secure, efficient and transparent market for trading
BSE (formerly known as Bombay Stock Exchange Ltd.) is Asia's first & t...
TEXONIC INSTRUMENTS
Texonic has carved a niche for itself in the Technology Distribution i...
B D SOFTWARE
BD Software is the distributor of IT security solutions in India. The ...
SAVEX TECHNOLOGIES PVT. LTD.
Savex Technologies is the 3rd largest Information & Communication Tec...