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…
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…
Food delivery platform Swiggy has recently raised $43mn in its ongoing Series I funding round. The funding round was led by existing investor Tencent and saw participation from Ark Impact Asset Management, Korea Investment Partners (KIP) and MACM India Growth Fund. The company had initiated its Series I round in February and had raised $113…