Aggregate investment totals Rs 327 crore
Info Edge (India) announced that Info Edge has committed to make an additional investment of an amount of about Rs.185 crore in the shares of Zomato Media (which owns and operates an online food guide portal www.zomato.com). Info Edge would be investing along with two other investors in this round of funding, which aggregates to Rs.370 crore and includes purchase of shares from certain existing shareholders.Info Edge would be subscribing/purchasing equity shares and convertible preference shares of Zomato Media. Upon disbursement of this amount, the total amount invested by Info Edge in Zomato Media will be about Rs. 327 crore and the shareholding of Info Edge in Zomato Media, post aforesaid aggregate fund raise of Rs.370 crore, will be maintained at 50.1% on a fully converted and diluted basis.
Zomato Media is raising funds at a pre-money company valuation of about Rs.3700 crore on (approx. USD 600 million, assuming 1 USD = Rs.61.5).
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