India-based online food listings and ordering platform Zomato is raising $62.2m in a funding round led by its Germany-based counterpart Delivery Hero, VCCircle reported yesterday citing a regulatory filing.
Shunwei Capital and Saturn Shine are also participating in the round. Delivery Hero will provide $49.3m in funding and own a 2.26% in Zomato as a result.
Zomato received $39.7m in funding from growth equity firm Glade Brook Capital a month ago, adding to a series I round that increased to $250m as a result. Ant Financial, the financial services affiliate of e-commerce group Alibaba had supplied an initial $210m in October 2018.
It is unclear whether the $62.2m investment led by Delivery Hero forms part of that same series I round, which reports in January suggested could grow to $500m to $1bn.
Founded in 2008, Zomato operates an online listings and delivery platform that enables consumers to order food from nearby restaurants. The service is available in 63 cities across India and in 23 other countries.
Zomato previously raised $375m in total funding. Ant Financial injected $150m in March 2018, when it also bought $50m of shares from classified listings platform operator Info Edge.
Info Edge had first invested in 2010 and most recently provided $24.8m of a $50m series F round in 2015. It had also led a $60m series E round in 2014 that featured Vy Capital and Sequoia Capital.
