Zomato has raised $660 million in primary funding round with post-money valuation of $3.9 billion, the company’s co-founder Deepinder Goyal informed on Twitter.
Deepinder Goyal, Founder & CEO of Zomato, leads product development along with overseeing strategy and leading business expansion. Prior to founding Zomato in 2008, Deepinder worked as a management consultant with Bain & Company.
He added – “10 new investors are joining us in our journey. This list includes Tiger Global, Kora, Luxor, Fidelity (FMR), D1 Capital, Baillie Gifford, Mirae, and Steadview.”
The food delivery platform is also in the process of concluding a $140 million secondary transaction after deploying liquidity of $30 million to the firms’s former employees.
Zomato is a restaurant review, restaurant discovery, food delivery and dining out transactions platform providing in-depth information for over 1.5 million restaurants across 24 countries. Founded in 2008, Zomato serves more than 70 million users every month.
-AK
Arya has been a part of the Content & Research Team at Hrnxt.com. She is a keen observer of economic developments, emerging businesses, people in business and keeps a tab on latest happenings in the business environment.