Food delivery unicorn Zomato raises Rs 379 cr from US investor Kora

Food delivery firm Zomato has raised over Rs 379 crore ($52 million) from US-based investment firm Kora Investments. The infusion happened through Kora Investments I LLC, a company incorporated under the laws of Cayman Islands, according to the documents filed by Zomato, which were sourced from business intelligence platform Tofler.

Gurugram-based Zomato has allotted 12,656 Class J5-1 compulsorily convertible cumulative preference shares at an issue price of Rs 3,00,235 per share to Kora. The infusion is part of the ongoing round of funding. Zomato which competes with Bengaluru-based Swiggy is in talks with investors to raise almost $600 million.