Zomato Raises $250 Mn Led By Kora Management At $5.4 Bn Valuation
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 Capital has invested $20 Mn, while Dragoneer invested $10 Mn. Earlier this month, Zomato increased its paid-up capital has increased from INR 535 Cr to INR 1,448 Cr in preparation for raising funds. Meanwhile, media reports also suggest that Zomato is looking at a $6 Bn-$8 Bn valuation through the IPO. Revenue from operations stood at INR 2336 Cr, while other income came in at nearly INR 150 Cr for the year.