Zomato bags $195 million from Kora, Luxor Capital, others
Online food delivery firm Zomato Pvt. Ltd has raised $195 million in primary capital from six investors, one of its shareholders said Friday.
The company secured $50 million from Kora Management LP, $60 million from Luxor Capital Group and $40 million from Mirae Asset.
It also pulled in $20 million each from Steadview Capital and Bow Wave Capital Management, and $5 million from Baillie Gifford & Co.
The transactions valued Zomato at a post-money valuation of $3.6 billion, its shareholder Info Edge (India) Ltd said in a stock-exchange filing.
Info Edge, the parent of Naukri.com and 99acres.com, said its stake in Zomato will fall to about 20.8% upon closing of the transactions.
Zomato, like main rival Swiggy, has been raising capital at a fast pace. In January, it raised $150 million (around Rs 1,067 crore) from existing investor Ant Financial at a pre-money valuation of $3 billion.
