INSUBCONTINENT EXCLUSIVE:
Zomato has been grappling with the economic fallout of a nationwide lockdown earlier this yearMumbai: Food delivery startup Zomato raised
$195 million from six investors, including US-based hedge funds Kora Management and Luxor Capital, according to a regulatory filing on
Friday.The fundraising values the company, one of India's most prominent start-ups, at a post-money valuation of $3.6 billion, according to
the filing by top shareholder Info Edge (India).The investment is the latest in a slew of funding for Zomato in recent months, ahead of its
planned initial public offering in the first half of 2021.In September, the company raised $160 million from US hedge fund Tiger Global
Management LLC and a unit of Singapore's Temasek Holdings.Zomato, like many other startups in India, has been grappling with the economic
fallout of a two-month nationwide lockdown earlier this year to curb the spread of coronavirus.It diversified into grocery and alcohol
deliveries as a way to sustain itself during the pandemic.
