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Zomato closes $600 mn funding round

December 19, 2020

Zomato closes $600 mn funding round

Online café guide and food requesting stage Zomato has shut $660 million (over ₹4,850 crore) subsidizing round, esteeming the organization at a post-cash valuation of $3.6 billion, its author and CEO Deepinder Goyal said on December 18.

In a progression of tweets, Mr. Goyal stated, “Marquee worldwide financial specialists share our excitement about the eventual fate of this business. Today, we shut a $660 million essential financing round at a post-cash valuation of $3.9 billion.”

He likewise said that “10 new speculators are going along with us in our excursion. This rundown incorporates Tiger Global, Kora, Luxor, Fidelity [FMR], D1 Capital, Baillie Gifford, Mirae, and Steadview.”

In another tweet, Mr. Goyal said that on top of this $660 million, the organization is currently shutting a $140-million auxiliary exchange. As a feature of this exchange, it has just given liquidity worth $30 million to its ex-workers.

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