Zomato Looks To Raise $500 Mn To Get IPO Ball Rolling
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India, Jan. 22 -- After closing a $660 Mn round in 2020 with 10 new investors added to the cap table, food delivery platform Zomato is now on a lookout for an additional $500 Mn in a pre-IPO (initial public offering) funding round. The company will reportedly be valued at $5.5 Bn after the round, representing a 41% increase from its last valuation of $3.9 Mn.
The pre-IPO round will comprise a mix of primary cash infusion of $250 Mn from existing backers Tiger Global, Kora Investments, Steadview, Fidelity, Bow Wave and Vy Capital. San Francisco-based Dragoneer Group will also be investing in Zomato's latest funding round.
Info Edge Will Be Zomato's Largest Stakeholder
Besides the primary cash infusion, another $250 Mn would be raised th...
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