Info Edge informs Zomato has closed primary fund raise of $253.4 million from 4 investors

The transactions valued Zomato at a post-money valuation of $3.9bn. Info Edge’s effective stake in Zomato stands at 19.3%.

Dec 21, 2020 03:12 IST India Infoline News Service

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Info Edge (India) Limited informed the exchanges Friday that Zomato Private Limited has closed primary fundraise of $253.4 million from four different investors.

It included $50.7 million from Kora Management LP, $101.3 million from Tiger Global Management, $50.7 million from D1 Capital and $50.7 million from funds or accounts advised or sub-advised by Fidelity Management & Research Company and/or its affiliates.

“The transactions valued Zomato at a post-money valuation of $3.9 bn. (Ex. Rate 1 USD= INR 75). On a fully converted and diluted basis, Info edge’s effective stake in Zomato stands at 19.3%,” company said in a regulatory filing on Monday.

Info Edge (India) Ltd ended at Rs4,474.75 per piece down by Rs170.4 or 3.67% from its previous closing of Rs4,645.15 per piece on the BSE.

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