Indian Startup Zomato Raises $250 Million Funding From Tiger Global, Kora And Others
Zomato logo Zomato has raised $250 million, two months in the wake of shutting a $660 million Series J financing round, as the Indian food conveyance startup constructs a reserve in front of its IPO in the not so distant future. Kora (which contributed $115 million), Fidelity ($55 million), Tiger Global ($50 million), Bow Wave ($20 million) and Dragoneer ($10 million) siphoned the new capital into the 12-year-old Gurgaon-settled startup, Info Edge, an openly recorded financial backer in Zomato, unveiled in a documenting (PDF) to a nearby stock trade. The new venture gives Zomato a post-cash valuation of $5.4 billion, up from $3.9 billion in December a year ago, said Info Edge, which claims 18.4% stake in the Indian startup. The new speculation fortifies the solid certainty financial backers have in Zomato, which battled to fund-raise for quite a bit of a year ago. Zomato, which gained the Indian food conveyance business of Uber...