Zomato raised Rs.760 crores from Tiger global

Zomato raised Rs 760 cr in its Series J funding round from Tiger Global Management. The fresh funds for the company would help it in ramping up its growth and tackle its deep-pocketed rival Swiggy.

So far, Zomato has picked up around $167 mn in external funding in 2020. Prior to Temasek’s investment in August, the food-tech firm had scored $5 mn from Pacific Horizon Investment Trust in March 2020.