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New Deal


Announced

Completed

Tiger Global led a $160m Series J round in Zomato.

Financials

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Transaction Value£119m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales8.4x
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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E-commerce

food delivery services

food delivery platform

India

Minority

Private

Acquisition

Private Equity

Completed

Single Bidder

Cross Border

Venture Capital

Friendly

Synopsis

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Tiger Global Management, a private equity firm, led a $160m Series J round in Zomato, a food delivery services provider. Tiger Global was joined by Temasek Holdings. The investment positions the company alongside its competitors, Prosus Ventures-backed Swiggy and Amazon, which has also emerged in the market, though it is currently servicing food delivery in only select suburbs of Bangalore. Furthermore, the company plans to file for an initial public offering in the first half of 2021.

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