Zomato, a Gurugram-based foodtech unicorn has announced that it has received an additional $52 million in its ongoing Series J round of funding from Kora Investments.
According to the company’s regulatory filings, Zomato has allotted a total of 12,656 Class J5 preferential dividend shares to Kora Investment I LLC, at an issue price of Rs 3,00,235, for close to 1.5 percent stake in the foodtech unicorn.
Recently, Zomato raised $100 million from Internet Fund VI Pte Holdings, Tiger Global’s Singapore investment arm, which was just a week after it raised $62 million from Singapore-based Temasek.
Earlier in January, Zomato had raised $150 million as a part of a fresh fundraise from its existing investor Ant Financial. Further, in April, it bagged around $5 million (or about Rs 38 crore) from Pacific Horizon Investment Trust PLC in its Series J round.
Earlier, in an email to its employees, Zomato CEO Deepinder Goyal had said that the unicorn has raised a lot of money, and has $250 million cash in the bank — which is more than ever in Zomato’s history. He said that Tiger Global, Temasek, Baillie Gifford, and Ant Financial have already participated in its current round, and more big names will be joining the round, which shoot up Zomato with $600 million in the bank.
–AN
