Zomato raises Rs 441 crore funding from Delivery Hero

This round is likely to value the Gurgaon-headquartered company at about $2 billion. 
  • Franchise India Buereau
Restaurant India

Zomato, an online restaurant discovery and food delivery platform, has raised about Rs 441 crore in a fresh round of funding led by Delivery Hero, Naspers-backed German food-tech major. This round has also seen participation from Chinese investors Shunwei Capital and Saturn Shine.

The capital infusion is part of the ongoing Series I round of Zomato. This round is likely to value the Gurgaon-headquartered company at about $2 billion. 

Delivery Hero will pick up 2.26% stake in Zomato, for an investment of Rs 350 crore. While Shunwei Capital is putting in Rs 35.06 crore for a 0.23% stake.

Last year, Berlin-based Delivery Hero sold its Foodpanda India business to ride-hailing platform Ola. This marked Ola's maiden foray into the food delivery space.

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