Zomato's valuation crosses $5.4 billion, after raising $250 million

Ahead of its expected IPO, investors such as Kora, Tiger Global and Fidelity have made fresh investments in the Deepinder Goyal-led foodtech company

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 cent,” said Info