Zomato gets $250 million round led by kora

Zomato is continuing its fundraising spree, it has recently raised $250 million driven by Kora Management. Existing investor Fidelity Management, Tiger Global likewise took part in the round while Bow Wave Capital and Dragoneer Investment are new financial investors to participate.

Kora has infused $150 million while Fidelity and Tiger Global have placed in $50 and $55 million separately, Info Edge said in an administrative recording.

New York-based Bow Wave Capital has contributed $20 million and Dragoneer partook with $10 million. Post implantation of the new continues, Zomato has been esteemed at $5.4 billion.

This is a 38% increase in the valuation of the foodtech organization within two months.

Zomato was esteemed at $3.9 billion during its $660 million worth tranche in Series J round finished up in December. Tiger Global, Kora, Luxor, Fidelity, D1 Capital, Baillie Gifford, Mirae Asset and Steadview Capital had taken part in the above round.

The fresh proceeds appear to be a part of a pre-IPO round, and as per Entrackr sources, the organization would wind up raising more capital before its public listing.