Zomato Raises $250M in Series Unknown

Zomato has successfully raised $250M in a Series Unknown at a $5.4B valuation led by Info Edge, Sequoia Capital, Temasek Holdings, Ant Financial, Tiger Global, Baillie Gifford.

Company Overview

Zomato is a Delivery company headquartered in Grofers India, New Delhi 110020, India, founded in 2008 with 5000+ employees.

Restaurant aggregator and food delivery

Fundraising Details

Amount Raised: $250M
Round Type: Series Unknown
Valuation: $5.4B
Date: 2024-06-24
Investors: Info Edge, Sequoia Capital, Temasek Holdings, Ant Financial, Tiger Global, Baillie Gifford

About Zomato

Restaurant aggregator and food delivery The company is positioned in the Delivery sector, serving a growing market with innovative solutions.

Key Information

Headquarters: Grofers India, New Delhi 110020, India
Founded: 2008
Team Size: 5000+
Industry: Delivery

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 Delivery 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 Delivery industry.

Looking Ahead

With this new capital, Zomato is well-positioned to execute on its growth strategy and continue building innovative solutions in the Delivery space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.

This fundraising news was reported on 2024-06-24. For more information about Zomato, visit their headquarters at Grofers India, New Delhi 110020, India.