Zomato Raises $250M in Series J
Zomato has successfully raised $250M in a Series J at a $5.4B valuation led by Kora Management, Fidelity.
Company Overview
Zomato is a FoodTech company headquartered in Gurugram, India, founded in 2008 with 5000+ employees.
Restaurant discovery and food delivery
Fundraising Details
- Amount Raised: $250M
- Round Type: Series J
- Valuation: $5.4B
- Date: 2021-01-28
- Investors: Kora Management, Fidelity
About Zomato
Restaurant discovery and food delivery The company is positioned in the FoodTech sector, serving a growing market with innovative solutions.
Key Information
- Headquarters: Gurugram, India
- Founded: 2008
- Team Size: 5000+
- Industry: FoodTech
What This Means
This funding round demonstrates strong investor confidence in Zomato's vision and execution. The capital will likely be used to:
- Scale Operations: Expand the team and operational capacity
- Product Development: Enhance existing products and develop new features
- Market Expansion: Enter new markets and strengthen presence in existing ones
- Technology Investment: Invest in infrastructure and technology capabilities
Industry Context
The FoodTech sector continues to attract significant investment as companies innovate to meet evolving market demands. Zomato's successful fundraising reflects the strong fundamentals and growth potential in this space.
Valuation Milestone
Reaching a $5.4B valuation marks an important milestone for Zomato, positioning the company among notable players in the FoodTech industry.
Looking Ahead
With this new capital, Zomato is well-positioned to execute on its growth strategy and continue building innovative solutions in the FoodTech space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.
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This fundraising news was reported on 2021-01-28. For more information about Zomato, visit their headquarters at Gurugram, India.
