Zomato Raises $250 Mn Led By Kora Management At $5.4 Bn Valuation
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India, Feb. 23 -- Zomato has raised $250 Mn (over INR 1,800 Cr) in fresh funding from existing investors Tiger Global, Kora and others, which brings the valuation of the food delivery unicorn to over $5.4 Bn .
"Zomato Pvt. Ltd. has closed a primary fundraise of $250 Mn from five different investors.The transactions valued Zomato at a post-money valuation of $5.4 Bn (exchange rate of Rs 73.5 per U.S. dollar)," Zomato investor Info Edge said in a regulatory filing.
On a fully converted and diluted basis, the Sanjeev Bikhchandani-led company's stake in Zomato stands at 18.4%.
In the latest round, $ 115 Mn has been invested by Kora Management, $55 Mn from funds associated with Fidelity, $50 Mn from Tiger Global. Besides this, Bow Wave Capi...
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