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February 23, 2021
Online food delivery platform Zomato raised $250 million from five different investors as part of a primary round led by Kora Management. The latest round took Zomato to a post-money valuation of $5.4 billion. Info Edge, which holds a stake in Zomato, disclosed the round in a regulatory filing on Monday.
As part of the round, Zomato raised $115 million from Kora Management. Funds or accounts advised or sub-advised by Fidelity Management & Research Company and its affiliates pumped in $55 million. The company also raised $50 million from Tiger Global, $20 million from Bow Wave Capital Management, and $10 million from Dragoneer Investment Group.
Info Edge’s effective stake in Zomato stood at 18.4% following the fundraise.