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Photo: Mint
Photo: Mint

Zomato closes $62 million funding from Temasek

  • 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.

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