Zomato Raise $600 Mn Of Funding By Next Month

Zomato the food delivery platform is in touch with  ANT Financials and other investors to raise new funding of round. This round of funding will help Zomato to raise his valuation from $2 Bn to $3 Bn.

Zomato is looking to raise up to $600 Mn  (around Rs 4,276 crore), Zomato founder and CEO Deepinder Goyal has announced this week.

Zomato founder and CEO Deepinder Goyal was speaking at the 17th edition of the Hindustan Times Leadership Summit had answered lots of questions.

On the journey of Zomato, the CEO said: “We started very small. We started 11 years ago and we are now present in 550 cities in India and we serve around 48 million people every month.”

And outside India, Zomato serves about another 25 million people, he added.

The difficult part of this journey has been to actually hire the number of people that the company has hired, Goyal said.

“We have 2,50,000 people that we hired in the last 18 months,” Goyal said.

Discussing about the Twitter onslaught he had faced after its choice of not segregating based on religion, Goyal stated: “This isn’t the first occasion when we have stood for something that we have believe in.”

In July this year, Zomato declined to resolve a client’s complain about being assigned a Muslim boy to delivered his food order.

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