Search
Zomato raises fund from Kora investments
October 16, 2020
Zomato has raised an extra Rs 380 crore (about $52 million) from Kora Investments, as a component of its progressing $600 million financings round, as per administrative filings. Also, micro real estate investing is another option which people can check out and apply on their real eestate properties.
This takes its capital raising to about $220 million over the most recent couple of months, including from new speculators Tiger Global and existing one Temasek.
ET was the first to cover Kora Capital’s interest in its September 3 release. Zomato’s valuation in the current round has been pegged at $3 billion.
The venture has come when Zomato said its business volumes have contacted pre-Covid-19 levels subsequent to falling strongly in April following the cross country lockdown.
Since March 23, Zomato has conveyed 92 million requests.
ET provided details regarding October 6 that a lot of four new danger financial specialists – London-based flexible investments Steadview Capital, South Korean Mirae Asset-Naver Asia Growth Fund, US multifaceted investments Luxor Capital and private value firm Bow Wave Capital – were probably going to altogether siphon $150 million into Zomato’s continuous round.