Announced
Completed
Financials
Sources
Tags
E-commerce
food delivery services
food delivery platform
India
Minority
Private
Acquisition
Private Equity
Completed
Single Bidder
Cross Border
Venture Capital
Friendly
Synopsis
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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