• Chethan Machaknur

Zomato raises $195 Mn funding from 6 investors ahead of IPO launch in 2021

Zomato has raised $195 Mn in funding from six investors including Luxor, Kora and Steadview, valuing the online food ordering platform at $3.6 Bn.

Of the $195 Mn, $60 Mn was raised from Luxor Capital Group LP, through its different investment vehicles.$50 Mn came from Kora Management LP, through its investment vehicle Kora Investments I LLC and/or any of its affiliates.Mirae Asset , through its investment vehicle Mirae Asset – Naver Asia Growth Investment Pte Ltd and/or any of its affiliates, invested $40 Mn, it added.Steadview Capital and Bow Wave Capital Management LP each invested $20 Mn, while $5 Mn came from Baillie Gifford & Co ,through its investment vehicle Pacific Horizon Investment Trust Plc and/or any of its affiliates, the filing said.

"Zomato Pvt Ltd has closed a primary fundraise of $195 Mn from six different investors...The transactions valued Zomato at a post-money valuation of $3.6 Bn," Info Edge said in a regulatory filing.

Upon closing of the fund raise, Info Edge's shareholding in Zomato shall stand reduced to about 20.8% on fully converted and diluted basis, it added.

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