Zomato bags $660 Mn at a valuation of $3.9 Bn

India-based international foodtech giant Zomato, on Friday, announced that it has raised $660 in a fresh funding round.

India-based international foodtech giant Zomato, on Friday, announced that it has raised $660 in a fresh funding round in which 10 new institutions participated, including Tiger Global, Kora, Luxor, Fidelity (FMR), D1 Capital, Baillie Gifford, Mirae Asset and Steadview Capital.

Sharing the news, Zomato Co-founder Deepinder Goyal tweeted,

The foodtech giant last raised $52 million from Kora Investments, in the third tranche of its ongoing Series J round.

Interesting Read: Startup Glossary – 40+ Startup Terms Every Startup Founder & Entrepreneur Should Know

It is believed that the ongoing Series J round could be the last fundraise for Zomato before it goes public (IPO) since the company has lately claimed that it is preparing to go public in 2021.

In September, Zomato Co-founder Pankaj Chaddah along with ex-Zomato Chief of Staff Pooja Khanna, launched Mindhouse in the UAE. The company aims to improve the mental health of its users through app-based meditation & yoga courses that help increase productivity, improve sleep patterns and reduce stress & anxiety.

Important Update: We at LAFFAZ are proud to be hosting Pankaj Chaddah as the Keynote for our inaugural session of INDO-UAE Corridor, an upcoming event series that aims to formulate a dialogue between Indian tech startups and the ecosystem enablers of the UAE.


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Mohammed Haseeb
Mohammed Haseeb

Founder and Editor-in-Chief of LAFFAZ Media, Haseeb is a self-taught business journalist with extensive experience in the business media industry. A tech enthusiast, digital marketer, and critical thinker, he brings startup news, inspiring stories, and exclusive conversations with founders and ecosystem enablers to a global audience. Over the years, he has collaborated with more than 50 startups across India, UAE, UK, US, and Canada, crafting impactful brand marketing strategies. Known for delivering sharp insights on startup ecosystem trends, Haseeb is dedicated to empowering entrepreneurs and driving growth in the digital economy.

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