Zomato closes $62 million funding from Temasek1 min read . Updated: 02 Sep 2020, 11:27 PM IST
- In March, Zomato had also raised $5 million from Pacific Horizon Investment Trust, which is managed by UK-based Baillie Gifford & Co. Ltd
BENGALURU : Singapore’s state investment arm Temasek Holdings has invested $62 million ( ₹456 crore) in foodtech startup Zomato, company filings showed.
Zomato allotted 15,188 shares to MacRitchie Investments, a unit of Temasek, at an approximate share premium of ₹293,535, regulatory filings sourced from Tofler showed.
Mint reported on 22 August that MacRitchie may infuse at least $60 million in Zomato.
The investment values Zomato at $3.25 billion, the same as its fundraise in March.
Zomato did not respond to emailed queries by Mint on its valuation.
Zomato had in March raised $5 million ( ₹38 crore) from Pacific Horizon Investment Trust, which is managed by UK-based Baillie Gifford & Co. Ltd.
The latest fundraise comes at a time when the Gurugram-based company has been struggling to access the $100 million it was supposed to receive, as a part of a $150 million fundraise from China’s Ant Financial.