New Delhi, Feb 23
Foodtech unicorn Zomato has raised USD 250 million (around Rs 1,800 crore) in a new funding round from five different investors.
The new valuation marks an increase from $3.9 billion valuation of Zomato in December.
The five investors who have pumped money in the new round are Kora (which contributed $115 million), Fidelity ($55 million), Tiger Global ($50 million), Bow Wave ($20 million) and Dragoneer ($10 million).
The new funding for Zomato comes just a couple of months after closing a $660 million financing round.
The new round suggests strong investor confidence in Zomato which is preparing for its IPO later this year.
The financing also suggests strong investor confidence in Zomat's business which got affected to some extent last year due to the Covid-19 restrictions.
Disclaimer: This story was supplied by an external content provider; we do not endorse or accept responsibility for its accuracy, completeness, or any outcomes from relying on it. It is for informational purposes only and does not constitute legal, financial, medical, or other professional advice. Laws and regulations vary and may change; readers should verify accuracy and compliance with local requirements and consult a qualified professional for tailored guidance.