Zomato Raises Rs 390 Crore From Temasek, Vy Capital

By Religare
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    Country's one of the leading online classifieds company Info Edge (India) Ltd said Zomato Media Pvt Ltd, owner and operater of online food guide portal, has raised about Rs 390 crore (or USD 60 million) in a fresh round of investment led by Singapore investment company Temasek with participation from existing shareholder Vy Capital.

    Zomato Raises Rs 390 Crore From Temasek, Vy Capital
    Info Edge India: Quotes, News
    BSE 1402.85BSE Quote17.45 (1.24%)
    NSE 1400.30NSE Quote15.25 (1.09%)
     

    In a filing to the Bombay Stock Exchange, Info Edge (India) Ltd informed, "Zomato Media Pvt Ltd, which owns and operates an online food guide portal www.Zomato.com, has signed definitive agreements to raise close to Rs 390 crore (approx USD 60 million) led by Singapore investment company Temasek with participation from existing shareholder Vy Capital."

    In the present round of investment, Info Edge (India) Ltd including its wholly owned subsidiary did not participate, the company said in a statement.

    Moreover, post transaction, Info Edge (India) along with its wholly owned subsidiary holds, on a fully converted and diluted basis, about 47 per cent of Zomato, it added.

    Meanwhile, shares of Info Edge (India) Ltd were trading at Rs 734.20 apiece, up 0.42 per cent, from previous close on BSE at 11:08 hours.

    Read more about: info edge india
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