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Zomato Raises ₹456 Crores in Funding from Temasek ‘s Subsidiary MacRitchie Investments

Zomato Private Limited,  the online food restaurant discovery and delivery platform, has raised ₹456 Crores (~ US $62.4 million) in funding from MacRitchie Investments Pte. Ltd., according to financial data accessed by business intelligence platform, Toflera. MacRitchie Investments is a Singapore-based investment firm and a wholly owned subsidiary of Temasek Holdings (Private) Limited. In January 2020, Gurugram-based Zomato raised $150 million from Alibaba-affiliate Ant Financial. According to an estimate by HSBC Global Research, Zomato’s valuation has improved to nearly $5 billion, an addition of nearly $2 billion over its valuation during the previous fundraising round. In 2018, Ant Financial invested $210 million […]


This post first appeared on Tech, Startups & Entrepreneurship News India, please read the originial post: here

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Zomato Raises ₹456 Crores in Funding from Temasek ‘s Subsidiary MacRitchie Investments

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