The food delivery service, a portfolio company of Ant Group, Info Edge and Delivery Hero, is now valued at $5.4bn ahead of a possible IPO in the coming months.

Zomato, an India-based food delivery app operator that counts corporates Ant Group, Info Edge and Delivery Hero as investors, has secured $250m at a $5.4bn valuation, according to a stock exchange filing.

Investment and financial services group Fidelity Management and Research contributed $55m to the round, which featured $20m from Bow Wave Capital Management, an investment firm that targets companies affiliated with or backed by financial services provider Ant Group and its parent, e-commerce firm Alibaba.

The round was…

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Edison Fu

Edison Fu is a reporter and Asia liaison at Global Corporate Venturing.
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