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Zomato to raise series J fund
November 07, 2020
![Zomato to raise series J fund](https://tscfm.org/wp-content/uploads/2020/11/zomato-raise-series-j-fund-1024x768.jpg)
Zomato is set to raise around $146 million (Rs 1,085 crore) as a feature of its Series J subsidizing round from a grip of speculators, including Mirae Asset, Steadview Capital, Luxor Capital Group, Lugard Road Capital and ASP India, administrative filings sourced from business insight stage Tofler appeared.
It has just raised Rs 38 crore ($5.12 million) from existing financial specialist UK-based Pacific Horizon Investment Trust.
Zomato is currently giving 34,873 Series J inclination offers to the new speculators at an issue cost of Rs 3, 00,235, the organization said in the filings.
As a feature of the Series J monetary round, the firm has raised assets from Kora Investments, Temasek, Tiger Global, Ant Financial, Baillie Gifford so far adding up to over $270 million.
The all out size of the venture round is fixed at about $600 million. The heft of the capital will be utilized to finance “future M&A, and fending off any wickedness or value battles from our opposition in different regions of our business”, organizer and CEO Deepinder Goyal had said in an inward mail to workers prior.
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