This takes its capital raising to about $220 million in the last few months, including from new investors Tiger Global and existing one Temasek.
ET was the first to report on Kora Capital’s investment in its September 3 edition. Zomato’s valuation in the current round has been pegged at $3 billion.
The investment has come at a time when Zomato said its sales volumes have touched pre-Covid-19 levels after falling sharply in April following the nationwide lockdown.
Since March 23, Zomato has delivered 92 million orders.
ET reported on October 6 that a set of four new risk investors — London-based hedge fund Steadview Capital, South Korean Mirae Asset-Naver Asia Growth Fund, US hedge fund Luxor Capital and private equity firm Bow Wave Capital — were likely to collectively pump $150 million into Zomato’s ongoing round.
The Gurugram-based company has also engaged with investment banks to kick off its initial public offering (IPO) process.
Deepinder Goyal, cofounder and chief executive of Zomato, said last month that the company was on course to go public by the mid-2021.
Earlier this year, China’s Ant Capital committed to invest $150 million, but Zomato has been able to access only $50 million of that so far, as India tweaked its foreign direct investment (FDI) rules in April, requiring prior government approval for any investment from countries that share a land border with it.