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Zomato raises $250 million in funding from Tiger Global, Kora and others

Zomato raises $250 million in funding from Tiger Global, Kora and others Updated: Updated: February 23, 2021 10:27 IST Zomato has previously stated that it plans to go for an initial public offering (IPO) in the first half of 2021. Share Article Zomato has raised over ₹1,800 crore in funding from Tiger Global, Kora and others.   Zomato has previously stated that it plans to go for an initial public offering (IPO) in the first half of 2021. Info Edge on Monday said its investee company Zoma...
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market outlook: Ahead of Market: 12 things that will decide stock action on Tuesday

US stocks fall as growth stocks slide US stock indexes fell on Monday as climbing Treasury yields and prospects of rising inflation triggered valuation concerns, hitting shares of high-flying growth companies. Shares of Apple Inc, Microsoft Corp, Facebook Inc, Alphabet Inc, Tesla Inc, Netflix Inc and Amazon.com Inc resumed a fall from the previous week, falling between 0.6% and 2.1% in early trading. The Dow Jones Industrial Average was down 142.78 points, or 0.45%, at 31,351.54, the S&P 500 wa...
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Zomato raises $250 million from 5 different investors

Zomato raises $250 million from 5 different investors Zomato raised $115 million from Kora Management, $55 million from funds or accounts advised or sub-advised by Fidelity Management & Research Company LLC. BusinessToday.In | February 22, 2021 | Updated 23:31 IST The transactions valued Zomato at a post-money valuation of $5.4 billion. Food delivery platform Zomato has raised $250 million from five different investors as part of a primary fundraising round. The transactions valued Zomato at ...
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Zomato's valuation crosses $5.4 billion, after raising $250 million

Food delivery giant Zomato has raised another $250 million in primary fundraise from existing and new investors, ahead of its expected initial public offering (IPO) this year. Info Edge (IE), which is an existing shareholder in Zomato said in a stock exchange filing that the transaction has taken the post-money valuation of the company to $5.4 billion. This is an increase from its previous valuation of $3.9 billion in December last year when it closed a $660 million primary financing round. �...
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Info Edge drops 12% in 2 days despite analysts raising targets; here's why

Shares of Info Edge India, one of the leading internet firms in the country, declined 4.4 per cent in Wednesdays intra-day session to hit a low of Rs 4,865 per share. With todays slide, the share price has tumbled 12 per cent in two days. At 12:10 PM, the stock was trading 4 per cent down at Rs 4,865 on the BSE, compared with a 0.25 per cent decline in the S&P BSE Sensex. The stock is now down 17 per cent from its 52-week high level of Rs 5,876 apiece, touched on January 6, 2021. On February...
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