Tag Archives: Zomato

Info Edge shares zoom 5% after Zomato raises another $250 million

By | February 23, 2021

Info Edge shares, on Tuesday, surged 5 per cent to Rs 5,250 in intra-day deals on the BSE after food delivery giant Zomato raised another $250 million in primary fundraise from existing and new investors. Info Edge, the nation’s leading job-hunting platform, also has investments in at least 23 startups, including Zomato. In a… Read More »

Foreign funds colonising Indian startups: Naukri.com founder Bikhchandani

By | December 6, 2020

In perhaps the first red flag by a significant start-up curator against ‘flipping’, a Naukri.com and Zomato investor has said foreign funds are the new East India Company that are colonising successful start-ups in India by transferring ownership overseas to skip Indian regulations and taxes. Internet entrepreneur Sanjeev Bikhchandani says an estimated Rs 17… Read More »

Zomato raises $195 mn in funding from 6 investors, valued at $3.6 bn

By | November 13, 2020

Info Edge on Friday said its investee company Zomato has raised USD 195 million (about Rs 1,455.4 crore) in funding from six investors including Luxor, Kora and Steadview, valuing the online food ordering platform at USD 3.6 billion. “Zomato Pvt Ltd has closed a primary fundraise of USD 195 million from six different investors…The… Read More »