Info Edge has said its investee company Zomato has raised USD 195 million (about Rs 1,455.4 crore) in funding from six investors including Luxor, Kora and Steadview, valuing the online food ordering platform at USD 3.6 billion. “Zomato Pvt Ltd has closed a primary fundraise of USD 195 million from six different investors…The transactions valued Zomato at a post-money valuation of USD 3.6 billion,” Info Edge said in a regulatory filing.
Upon closing of the fund raise, Info Edge’s shareholding in Zomato shall stand reduced to about 20.8 per cent on fully converted and diluted basis, it added. Comments from Zomato could not be elicited immediately, reported PTI.
Of the USD 195 million, USD 60 million was raised from Luxor Capital Group LP, through its different investment vehicles. USD 50 million came from Kora Management LP , through its investment vehicle Kora Investments I LLC and/or any of its affiliates, the filing said.