Indian food tech unicorn Zomato raises $660m at $3.9b valuation

Indian food tech unicorn Zomato raises $660m at $3.9b valuation

Photo: Mint

Gurugram-based food tech unicorn Zomato has completed its primary fundraise worth $660 million, giving the company a valuation of $3.9 billion, as the firm set its sights on an initial share sale in the first half of 2021.

The fundraise saw 10 new investors join Zomato including Tiger Global Management, Baillie Gifford, Luxor Capital, Kora Capital, Steadview, D1 Capital and Mirae Asset, Zomato founder and chief executive Deepinder Goyal said on Twitter.

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