Zomato sells UAE biz to Delivery Hero for $172m, nabs $105m in funding

Zomato co-founder Deepinder Goyal. Photo: Ramesh Pathania/Mint

Zomato Media Pvt. Ltd, which operates online food delivery and restaurant discovery platform Zomato, has sold its food delivery business in the United Arab Emirates (UAE) to Berlin-based Delivery Hero, for about $172 million, per an announcement.

In addition, Zomato has concluded its ongoing funding round with an additional second tranche of about $105 million, its largest shareholder Info Edge (India) Ltd said in a BSE filing on Monday. The new investors in this round include Delivery Hero and Glade Brook Capital.

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