Zomato’s financials (consolidated basis) … Zomato's tagline is "Never have a bad meal". Info Edge informs Zomato has closed primary fund raise of $253.4 million from 4 investors The transactions valued Zomato at a post-money valuation of $3.9bn. The online food delivery and restaurant discovery app plans to go public in the first half of 2021. Zomato clocks 60% larger GMV this New 12 months’s Eve over final yr Zomato closed a $660 million As home-bound Indians ushered within the New 12 months with low-key celebrations, demand for on-line meals supply companies ballooned. BENGALURU: Zomato and Swiggy have begun renegotiating exclusivity contracts with a slew of restaurants citing a downward impact on business due to the ongoing pandemic, said multiple people aware of the move. With the fresh capital, Zomato is expected to have a valuation of $5.5 billion and $1 billion in cash as it inches closer to an initial public offering (IPO) by June this year. Evoking the force majeure clause that frees both parties from liability when … Bingo, Zomato and Harpic are getting cancelled today, here's why . This is applicable for Zomato Gold … Zomato … Zee News App: Read latest news of India and world, bollywood news, business updates, cricket scores, etc. Earlier this month, Zomato's founder and CEO Deepinder Goyal said it has closed a $660 mn primary financing round, valuing it at $3.9 Billion, adding that December 2020 is expected to be the highest ever GMV month in its history. Zomato App not working. “10 new investors are joining us in our journey. By extension food delivery platforms such as Swiggy and Zomato -- that are by itself functioning -- have also taken a big hit. Zomato has closed a $660 million primary financing round at a post-money valuation of $3.9 billion, said the foodtech unicorn’s co-founder and Deepinder Goyal in a tweet on Friday. Earlier this month, Zomato closed a $660-million funding round backed by 10 new investors including Tiger Global Management and Mirae Asset at a post-money valuation of $3.9 billion. Founded in 2008 by Deepinder Goyal and Pankaj Chaddah, Zomato is backed by investors that include Ant Financial, Sequoia Capital, Sequoia Capital India, Temasek Holdings, and Vy Capital. The development comes shortly after Zomato closed US$660 million in a round from Tiger Global, Fidelity, among others, which gave Zomato a post-money valuation of US$3.9 billion. Online restaurant guide and food ordering platform Zomato has closed $660 million funding round, valuing the company at a post-money valuation of $ 3.6 billion. According to the investors, companies and restaurants, online food delivery orders for Zomato … In a series of tweets, founder and CEO Deepinder Goyal said, “Marquee global investors share our enthusiasm about the future of this business. Hong Kong / New Delhi (CNN Business)One of … According to Goyal, 10 new investors are joining the round including Tiger Global, Kora, Luxor, Fidelity (FMR), D1 Capital, Baillie Gifford, Mirae Asset and Steadview Capital. Goyal disclosed details on funding and the business in a … We are sure that you’d like to ask some questions about Zomato App, such as what is Zomato App?, Why Zomato App is not starting?, Why Zomato App is not working properly?, When Zomato App will start again? Food delivery company Zomato has closed a $660 million investment round from marquee investors and is currently in the process of closing a $140 … The food delivery company Zomato has closed its massive $660 million funding round in December 2020 even as it is in the process of closing a $140 million secondary transaction, Goyal had … Bengaluru: Food tech unicorn Zomato's founder and CEO Deepinder Goyal said on Friday that it has closed a $660 mn primary financing round, valuing it at $3.9 Billion, adding that December 2020 is expected to be the highest ever GMV month in his history, as food delivery sees a bounce back after the debilitating effects of Covid19. Zomato’s revenue nearly doubles, loss widens 160% in 2019-20. It is a busy day for the good folks active on Twitter. Starting today, all women (including transgender people) at Zomato can avail up to 10 days of period leaves in a year,” Zomato Founder and CEO Deepinder Goyal said in a blog post. Zomato, which is preparing to launch an IPO in the first half of 2020-21, recently closed a $660 million funding round at a post-money valuation of $3.9 billion. Download the Zee news app now to keep up with daily breaking news and live news event coverage . Zomato’s losses grew 2.4X to Rs 2,385.6 crore in FY20. It was in 2010 when Foodiebay was officially rechristened as Zomato. This list includes Tiger Global, Kora, Luxor, Fidelity (FMR), D1 Capital, Baillie Gifford, Mirae, and Steadview,” he said in a series of tweets. The Government of India introduced the Aarogya Setu contact tracing app to track people coming in close contact with any COVID-19 positive person. Orders on Swiggy and Zomato have dropped 60 … Zomato is extending Zomato Gold memberships by four months, in light of lockdowns keeping restaurants closed amid the ongoing coronavirus pandemic. A Zomato food delivery boy takes rest near a closed shop on the outskirts of New Delhi, India on 26 April 2020. Zomato is sustaining the cash burn through the regular inflow of funds from investors. The founders changed Foodiebay to 'Zomato' to make it more prominent, simple to memorize and primarily to eliminate the confusion with the website eBay. Zomato was founded in 2008 and quickly expanded across Asia, Europe and South America. Share your food journey with the world, Checkin at Restaurants, Bars & Cafes and follow other foodies for personalized recommendations. and many more others. Its EBITDA margins also worsened by 1535 BPS to -80.75% in FY20 and outstanding losses mounted to Rs 4,666.4 crore at the end of fiscal in March 2020. Ahead of IPO, Zomato set to close $500 million funding businesstoday.in - BusinessToday.In. In today’s post, we will see about Zomato App and try to find out why it is was not working. BENGALURU: Zomato's net loss increased by 160% to Rs 2,451 crore in the year ended March 2020 compared to the previous year. Indian food delivery startup Zomato closed a $660 million primary financing round, valuing it at $3.9 billion, its founder and CEO Deepinder Goyal said on December 18. Zomato is the best way to discover great places to eat in your city. Our easy-to-use app shows you all the restaurants and nightlife options in your city, along with menus, photos, and reviews. In December last year, Zomato had closed a $660 million (over Rs 4,850 crore) funding round, valuing the company at a post-money valuation of … Our easy-to-use app shows you all the restaurants and nightlife options in your city, along with menus, photos, and reviews. Ahead of a potential listing on exchanges, Zomato is on the verge of closing a $500 million investment that would value the Gurugram-based company at around $5.5 billion. This could further exacerbate strained relations between the food delivery platforms and restaurants. COVID-19 Destroys Food Business: Swiggy, Zomato Loses 70% Orders, 80% Restaurants Closed. Zomato, which is preparing to launch an IPO in the first half of 2020-21, recently closed a $660 million funding round at a post-money valuation of $3.9 billion. An initial public offering or IPO in India is unlikely as Zomato is still not near profitability. Zomato shared a Twitter thread recapping how India ordered in 2020. Zomato closed a $660 million primary financing round at a post-money valuation of $3.9 billion, the platform’s cofounder Deepinder Goyal announced on Friday. In December, Goyal confirmed that Zomato closed USD 660 million (over Rs 4,850 crore) funding round, valuing the company at a post-money valuation of USD 3.6 billion. Zomato is the best way to discover great places to eat in your city. The firm is also now focusing on launching its nutrition business. Share your food journey with the world, Checkin at Restaurants, Bars & Cafes and follow other foodies for personalized recommendations. And that’s when this venture started being called Zomato, as we know of it today. Gurgaon-based Zomato is a search app offering detailed information for restaurants as well as online food delivery. Food delivery startup Zomato is set to close $500 million worth of investment which will take the value of the company to $5.5 billion (approx). According to Fintrackr, the company’s losses grew 2.4X to Rs 2,385.6 crore in FY20. Revenue grew slower, at … The acquisition of Fitso by Zomato has come a month after it had closed a $600 million financing round at a valuation of $3.9 billion. Zomato’s net losses increased by as much as 160.63% to Rs 2,451.17 crore in the year to March 31, 2020, the company’s regulatory filings sourced from business intelligence platform Tofler showed. Zomato recently closed a $660 million primary financing round at a post-money valuation of $3.9 billion. Zomato - Name, Tagline, and Logo. 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