Indian restaurant discovery and food delivery platform Zomato has closed a US$250 fundraise from five different investors, according to an Info Edge filing.
More funding details
- Lead investor: Kora Management
- Returning backers: Fidelity Management & Research Company and/or its affiliates, along with Tiger Global Management
- New investors: Bow Wave Capital Management and Dragoneer Investment Group
More company updates
- Kora poured roughly US$115 million into Zomato while Fidelity pitched in with US$55 million and Tiger Global put in US$50 million. New backers Bow Wave and Dragoneer contributed about US$20 million and US$10 million, respectively.
- With the infusion, the stake of early Zomato backer Info Edge now stands at 18.4%.
- The investment comes after the Indian startup banked US$660 million in its ongoing series J round. The company’s CEO Deepinder Goyal also recently said that Zomato is likely to go public within the first half of this year.
Editing by September Grace Mahino
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