Zomato raises $250 mn from Kora Management, Fidelity and others

Online food delivery company Zomato has raised $250 million in primary round funding on a fully converted and diluted basis.

Info Edge and investee in Zomato in its filing said, “Zomato PVT Ltd has closed a primary fundraise of $250 million from five different investors. The transaction valued Zomato at a post-money valuation of $5.4 billion.”

According to the filing, Kora Management LP has invested $115 million, $55 million invested by a fund associated with Fidelity, Tiger Management invested $50 million. Whereas, Bow Wave Capital and Dragoneer Investment Group LLC invested $20 and $10 million respectively.

“With the fresh funding round Info Edge’s effective stake in Zomato stands at 18.4 percent,” the filing added.