• Chethan Machaknur

Zomato raised $52 million from Kora Investments

Zomato raised $52 million from US-based Kora Investments in the ongoing round where the unicorn looks to raise $600 mn and Kora is expected to make another large investment too.

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 unicorns.

Zomato doubled its revenue to $394 million in 2019-20, even as its losses rose marginally to $293 million from $277 million in 2018-19

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