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,
Marquee global investors share our enthusiasm about the future of this business. Today, we closed a $660m primary financing round at a post-money valuation of $3.9b.
3/n— Deepinder Goyal (@deepigoyal) December 18, 2020
The foodtech giant last raised $52 million from Kora Investments, in the third tranche of its ongoing Series J round.
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.
