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Zomato Raises INR 155 Crores From Info Edge

The online restaurant guide, Zomato has raised INR 155 crores from Info Edge.  The funds raised will be used for expanding its business.zomato

Info Edge’s aggregate investment in Zomato will be about Rs.484 crore. Info Edge, along with its wholly-owned subsidiary will continue to hold, on a fully converted and diluted basis, 50.1% of Zomato.

This precisely means that Zomato has raised a huge round and Info Edge has followed up in the current round as well (they do want to main 50% control over Zomato).

Qn: Why Zomato Prefers InfoEdge

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