SG’s Temasek invests $62m in Indian foodtech startup Zomato

Table setting at Zomato Summit. Photo: Zomato

Singapore’s state investment arm Temasek Holdings has invested $62 million ( 456 crore) in foodtech startup Zomato, company filings showed.

Zomato allotted 15,188 shares to MacRitchie Investments, a unit of Temasek, at an approximate share premium of 293,535, regulatory filings sourced from Tofler showed.

Mint reported on 22 August that MacRitchie may infuse at least $60 million in Zomato.

The investment values Zomato at $3.25 billion, the same as its fundraise in March.

Zomato did not respond to emailed queries by Mint on its valuation.

Zomato had in March raised $5 million ( 38 crore) from Pacific Horizon Investment Trust, which is managed by UK-based Baillie Gifford & Co. Ltd.

The latest fundraise comes at a time when the Gurugram-based company has been struggling to access the $100 million it was supposed to receive, as a part of a $150 million fundraise from China’s Ant Financial.

The article was first published on livemint.com

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.