<p>Info Edge on Friday said its investee company Zomato has raised $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 $3.6 billion.</p>.<p>"Zomato Pvt Ltd has closed a primary fundraise of $195 million from six different investors...The transactions valued Zomato at a post-money valuation of $3.6 billion," Info Edge said in a regulatory filing.</p>.<p>Upon closing of the fundraise, Info Edge's shareholding in Zomato shall stand reduced to about 20.8 per cent on fully converted and diluted basis, it added.</p>.<p>Comments from Zomato could not be elicited immediately.</p>.<p>Of the $195 million, $60 million was raised from Luxor Capital Group LP, through its different investment vehicles.</p>.<p>$50 million came from Kora Management LP , through its investment vehicle Kora Investments I LLC and/or any of its affiliates, the filing said.</p>.<p>Mirae Asset, through its investment vehicle Mirae Asset – Naver Asia Growth Investment Pte Ltd and/or any of its affiliates, invested $40 million, it added.</p>.<p>Steadview Capital and Bow Wave Capital Management LP each invested $20 million, while $5 million came from Baillie Gifford & Co, through its investment vehicle Pacific Horizon Investment Trust Plc and/or any of its affiliates, the filing said.</p>.<p>In September, Info Edge had informed the stock exchanges about Zomato raising $160 million (about Rs 1,173 crore) in funding from Tiger Global and Temasek Holdings subsidiary MacRitchie Investments, valuing the online food ordering platform at $3.3 billion.</p>.<p>Post the September transaction, Info Edge's shareholding in Zomato was at 22.2 per cent.</p>.<p>Zomato -- which competes aggressively with Prosus-backed Swiggy in the Indian market -- plans to go for an initial public offering (IPO) in the first half of 2021, its founder and CEO Deepinder Goyal had told its employees at that time.</p>.<p>The online food delivery segment has seen significant growth in the last few years with Zomato and Swiggy competing head-on to grab market share.</p>.<p>Earlier this year, Zomato acquired the Indian business of Uber Eats in an all-stock deal that will give the ride-hailing company 9.99 per cent stake in Zomato.</p>.<p>Interestingly, in May this year, Amazon India threw its hat in the ring and announced the launch of its food delivery operations in select parts of Bengaluru.</p>.<p>Zomato and Swiggy had seen their business being impacted by the Covid-19-induced lockdown. During this time, Zomato and Swiggy ventured into the area of grocery delivery. With the easing of lockdown, the companies have been seeing demand returning on these platforms.</p>
<p>Info Edge on Friday said its investee company Zomato has raised $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 $3.6 billion.</p>.<p>"Zomato Pvt Ltd has closed a primary fundraise of $195 million from six different investors...The transactions valued Zomato at a post-money valuation of $3.6 billion," Info Edge said in a regulatory filing.</p>.<p>Upon closing of the fundraise, Info Edge's shareholding in Zomato shall stand reduced to about 20.8 per cent on fully converted and diluted basis, it added.</p>.<p>Comments from Zomato could not be elicited immediately.</p>.<p>Of the $195 million, $60 million was raised from Luxor Capital Group LP, through its different investment vehicles.</p>.<p>$50 million came from Kora Management LP , through its investment vehicle Kora Investments I LLC and/or any of its affiliates, the filing said.</p>.<p>Mirae Asset, through its investment vehicle Mirae Asset – Naver Asia Growth Investment Pte Ltd and/or any of its affiliates, invested $40 million, it added.</p>.<p>Steadview Capital and Bow Wave Capital Management LP each invested $20 million, while $5 million came from Baillie Gifford & Co, through its investment vehicle Pacific Horizon Investment Trust Plc and/or any of its affiliates, the filing said.</p>.<p>In September, Info Edge had informed the stock exchanges about Zomato raising $160 million (about Rs 1,173 crore) in funding from Tiger Global and Temasek Holdings subsidiary MacRitchie Investments, valuing the online food ordering platform at $3.3 billion.</p>.<p>Post the September transaction, Info Edge's shareholding in Zomato was at 22.2 per cent.</p>.<p>Zomato -- which competes aggressively with Prosus-backed Swiggy in the Indian market -- plans to go for an initial public offering (IPO) in the first half of 2021, its founder and CEO Deepinder Goyal had told its employees at that time.</p>.<p>The online food delivery segment has seen significant growth in the last few years with Zomato and Swiggy competing head-on to grab market share.</p>.<p>Earlier this year, Zomato acquired the Indian business of Uber Eats in an all-stock deal that will give the ride-hailing company 9.99 per cent stake in Zomato.</p>.<p>Interestingly, in May this year, Amazon India threw its hat in the ring and announced the launch of its food delivery operations in select parts of Bengaluru.</p>.<p>Zomato and Swiggy had seen their business being impacted by the Covid-19-induced lockdown. During this time, Zomato and Swiggy ventured into the area of grocery delivery. With the easing of lockdown, the companies have been seeing demand returning on these platforms.</p>