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Zomato to go public by H12021; raises Rs 760 cr from Tiger Global

The infusion from Tiger Global came a few days after Zomato raised Rs 456 crore from MacRitchie Investments, a subsidiary of Singapore-based Temasek Holdings

Zomato delivery partners
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Zomato said it has delivered 70 million food orders since lockdown started on March 25. | Photo: Zomato

Peerzada Abrar Bengaluru
Food-delivery firm Zomato has raised Rs 760 crore in Series J funding from US-based hedge fund Tiger Global Management, according to the documents filed by Zomato, which were sourced from business intelligence platform Tofler.

Co-Founder and Chief Executive Officer Deepinder Goyal, in an email to employees on Thursday, also said the firm was planning an initial public offering by the middle of next year.

“We have raised a lot of money, and today, our cash in the bank, about $250 million, is more than ever in our history,” Goyal’s email, reviewed by Business Standard, read. “Tiger Global, Temasek, Baillie Gifford, and Ant

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