Indian foodtech unicorn Zomato raises another $250m ahead of IPO

Indian foodtech unicorn Zomato raises another $250m ahead of IPO

Photo: Mint

Foodtech unicorn Zomato has raised an additional $250 million from existing and new investors ahead of its proposed initial public offering (IPO) in June this year.

Zomato completed the primary pre-IPO fundraise at a total valuation of $5.4 billion, a sharp rise from the $3.9 billion in December.

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