Zomato gets $52 million top-up from Kora Investments
Click here to read full article from source
BENGALURU, Oct. 15 -- Foodtech unicorn Zomato, which is in talks to raise almost $600 million, as part of its ongoing funding round, has added $52 million (almost Rs.380 crores) to its coffered from US-based Kora Investments.
Kora is expected to make another large investment in Zomato in the coming months, a person aware of the talks told Mint.
Zomato Pvt. Ltd. has allotted a total of 12,656 Class J5 preferential dividend shares to Kora Investment I LLC, at an issue price of Rs.3,00,235, for more than 1% stake in the food tech major, according to regulatory filings accessed through Tofler.
This comes in the backdrop of the company shoring up capital, as it looks to go public by mid-2021, in what could be a turning point for Indian unic...
To read the full article or to get the complete feed from this publication, please Contact Us