Home / Companies / News / Zomato raises Rs 456 cr from Temasek subsidiary MacRitchie Investments

Zomato raises Rs 456 cr from Temasek subsidiary MacRitchie Investments

Business Standard had earlier reported in August that the Bengaluru-based company was planning to raise capital from MacRitchie by allotment of 15,188 shares

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The funding comes at a time when HSBC Global Research has valued the food delivery firm at $5 billion, a major increase from its earlier valuation of $3.5 billion | Photo: Zomato

Samreen Ahmad Peerzada Abrar Bengaluru

2 min read Last Updated : Sep 02 2020 | 11:44 PM IST

In a fresh funding round, foodtech company Zomato has raised Rs Rs 456 crore from MacRitchie Investments, a subsidiary of Singapore-based Temasek Holdings.

Business Standard had earlier reported in August that the Bengaluru-based company was planning to raise capital from MacRitchie by allotment of 15,188 shares.

According to data filed with the Ministry of Corporate Affairs sourced from business intelligence platform Tofler, MacRitchie Investments has picked up these shares by paying a premium of Rs 2.93 lakh per share and with a nominal amount per share of Rs 6,700.

ALSO READ: HSBC Global Research puts food delivery

Topics : Zomato Temasek Temasek Holdings Food delivery startups in India fundings fund raising

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