Zomato closes $660m funding round, Deepinder Goyal
Zomato closes $660m funding round, Deepinder Goyal

“Today, we closed a $660m primary financing round at a post-money valuation of $3.9b,” shared Deepinder Goyal in a Tweet on Friday.

The food delivery major is also in the process of closing a $140m secondary transaction. As part of this transaction, they have already provided liquidity worth $30m to the ex-employees.

Also Read: Zomato to offer takeaway service to restaurants at zero commission

“10 new investors are joining us in our journey,” added his tweet whose list includes Tiger Global, Kora, Luxor, Fidelity (FMR), D1 Capital, Baillie Gifford, Mirae, and Steadview.

Goyal also mentioned that food delivery in India is rapidly coming out of COVID-19 shadows. “December 2020 is expected to be the highest ever GMV month in our history. We are now clocking ~25% higher GMV than our previous peaks in February 2020,” he added.

In October, the Gurgaon-based platform has raised Rs 380 crore (about $52 million) from US-based investment firm Kora Investments.

May Interest: Zomato bags $52 million from Kora Investments

The infusion happened through Kora Investments I LLC, a company incorporated under the laws of Cayman Islands, according to the documents filed by Zomato.

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