Sneaker reseller Mainstreet Marketplace has closed a $2 million (around Rs 16 crore) seed funding round from a clutch of investors, including Zomato CEO Deepinder Goyal’s First Lap LLP, Zerodha co-founder Nikhil Kamath and Abhijeet Pai’s venture fund Gruhas Proptech, Udaan co-founder Sujeet Kumar, Spotify India MD Amarjit Singh Batra, and several other angel investors…
Edtech startup Unacademy appointed Deepinder Goyal, Founder & CEO, Zomato on the company’s Board of Directors. Deepinder is an investor in Unacademy and participated in the company’s Series H fundraise in August. Commenting on the development, Gaurav Munjal, Co-Founder & CEO, Unacademy Group said, “Deepinder has been an advisor for several years and it was…
Magicpin, an online business discovery and rewards platform, announced that Zomato co-founder and Chief Executive Officer Deepinder Goyal has joined its board as an independent director. Goyal joins the existing board and advisors that consist of Bejul Somaia (Managing Director of Lightspeed Venture Partners), Vivek Gambhir (CEO of Boat Lifestyle), and Manish Kheterpal (Managing Director…
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…
Info Edge said its investee company Zomato has raised $195 million (about Rs 1,455.4 crore) in funding from six investors including Luxor, Kora and Steadview, valuing the online food ordering platform at $3.6 billion, according to PTI report. “Zomato Pvt Ltd has closed a primary fundraise of $195 million from six different investors…The transactions valued…
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…
Food delivery unicorn Zomato has raised $100 million in funding from Tiger Global’s Singapore investment arm, Internet Fund VI Pte Holdings, according to YourStory report. Post current funding, the foodtech unicorn is valued at $3.4 billion, which is close to its competitor Swiggy at $3.6 billion valuation, according to media reports. Zomato will use the…
Zomato, the food delivery startup, announced that it has raised $62 million funding from Singapore’s state investment arm Temasek. Temasek financed the capital through its unit MacRitchie Investments, a regulatory filing showed, according to business intelligence firm Tofler. The food ordering and restaurant discovery platform was valued at about $3 billion, according to a media…
Singapore’s state investor, Temasek, is reportedly looking to invest up to $100mn in food delivery unicorn Zomato. The development was first reported by Economic Times on Tuesday, citing people familiar with the matter. According to the report, the investment comes at a time when Zomato’s largest institutional stakeholder Ant Financial’s promised investment of $150mn has…
Food-delivery unicorn Zomato recently announced that it has elevated its Chief Executive Officer of Delivery as the company’s Co-Founder. His elevation was done through the company’s Founders Program. Announcing the elevation of Mohit Gupta, main founder Deepinder Goyal said that Gupta had managed to tick all the boxes as a part of Zomato’s founders programme…
Indian food delivery unicorn Zomato recently announced that it is set to lay off about 13% of its workforce due to the coronavirus pandemic’s impact on business. The job cuts and temporary pay cuts for employees were announced by the company founder and Chief Executive Officer Deepinder Goyal through a blog published on the company…
Gurugram-based foodtech unicorn Zomato recently announced that it has raised $5mn in its Series J funding round. The funding round was led by Pacific Horizon Investment Trust PLC through its agent Baillie Gifford and Company. According to company regulatory filing, Pacific Horizon has been allotted 1,177 Compulsorily Convertible Cumulative Preference Shares (CCCPS). Each of these…
Taking into consideration the impact of the coronavirus pandemic on businesses, Zomato recently announced that hundreds of its employees are taking a voluntary deep cut in salaries to help the company sustain. In a series of tweets, Zomato CEO Deepinder Goyal announced that hundreds of employees have taken deep voluntary salary cuts to help the…
Ride-hailing startup Uber has recently announced that it would strengthen its fintech process in India with the formation of Uber Money. It has even set up a team of over 100 technology professionals responsible for global financial products and technology innovations, at its Hyderabad Tech center. With the announcement, the company has surprised many who…
Zomato Media Private Ltd has announced to acquire Uber’s Food Delivery Business in India, UberEats, in an all-stock transaction. As per a stock exchange filing by Zomato, the deal gives Uber a 9.99% stake in the company. Post-acquisition, UberEats will discontinue operations in India that include direct restaurants, delivery partners and users of its apps.…