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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. “On a fully converted and diluted basis, Info Edge’s effective stake in Zomato stands at 18.4 per...

SunStar + February 12, 2021 GLOBE Fintech Innovations Inc. (Mynt), the Fintech (financial technology) arm of Globe Telecom and operator of the country’s preferred mobile wallet in GCash, has attracted fresh capital investment from ASP Philippines LP, a limited partnership fund managed by investment firm Bow Wave Capital Management (Bow Wave), to further spur the growth of financial inclusion and the digitization of payments and financial services in the Philippines. Mynt raised over $175 million in fresh capital from Bow Wave and its existing shareholders in multiple tranches, ...

Zomato Increases Paid-Up Capital For Pre-IPO Fundraise Share story Zomato may raise an addition $500 Mn soon, giving partial exits to its Chinese investors The company is looking at a valuation of $8 Bn in the public market, a spike from its current $3.9 Bn If all goes as per plan, InfoEdge may turn out to be the biggest stakeholder in the company Gurugram-based food aggregator Zomato’s plans to list publicly have gained momentum as the company has increased its paid-up capital by 3X in preparation of raising funds in the near future. The company’s paid-up capital has increased from INR 5...

With the fresh capital, Zomato is expected to have a valuation of $5.5 billion and $1 billion in cash as it inches closer to an initial public offering (IPO) by June this year.

Online restaurant guide and food ordering platform Zomato is set to close a USD 500 million investment that would value the company at around USD 5.5 billion.