• Chethan Machaknur

Zomato to raise $100 mn from Tiger Global

Tiger Global Management is looking to invest up to $100 m with an option to inject another $100 mn in Zomato ahead of a proposed initial public offering (IPO) by the Indian food delivery startup next year.

The proposed funding by Tiger Global and Temasek is part of big-ticket investments that Zomato is looking to clinch ahead of a targeted IPO next year. The company is aiming to reduce cash burn and show a clear path of profitability, if not outright profits, ahead of the IPO.

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