Zomato: After delay in China-based investment, Singapore's Temasek to pump $100 million in Zomato – The Economic Times
2 julio 2020
Company raised $5 million in April
The new policy mandates prior government approval for investments by entities based in countries that share a land border with India. Ant Financial, an affiliate of Alibaba Group Holdings, has pumped in only $50 million – of an expected $150 million – into Zomato, according to BSE and NSE-listed Info Edge, also an early investor in the company. Hangzhou-headquartered Ant Financial is the largest institutional stakeholder in Zomato, holding a 26% stake in the company. Temasek, which first invested in Zomato in 2015, has always been in the mix to pump in further capital. It holds a 3% stake, having invested Rs 310 crore into the company, according to data collated by Tracxn. The Deepinder Goyal-led company was valued at $3 billion in January. The valuation was, however, contingent on Ant fulfilling its commitment. When contacted by ET, a Zomato spokesperson declined to comment. Temasek did not reply to queries. In April, Zomato raised $5 million from Pacific Horizon Investment Trust, a fund managed by British investment manager Baillie Gifford, as a part of its ongoing round.