According to Tofler, the total cost of the Deepinder Goyal-led company for the year was reported at Rs 5,006 billion.
The food shipping platform Zomato reported a consolidated turnover of 2,743 billion rupees for the 2019-20 financial year, an increase of around 100% over the previous year. Gurugram-based Unicorn reported a consolidated net loss of Rs 2,386 billion for the same fiscal year, an increase of 138% over the previous year. This was shown by regulatory documents of the business intelligence platform. Tofler. Zomato’s total expenditures for the fiscal year were given as Rs. 5.006 billion.
During the year Zomato had acquired certain assets and received from Uber France Systems Private Limited the benefit of certain obligations of approximately Rs.1,376 billion in exchange for the issue of 76,376 cumulative mandatory convertible preference shares.
During the year under review, the company’s authorized share capital increased from approximately Rs.272 billion to over Rs. 422 billion. During the year the company raised Rs 353 crore from Antfin Singapore Holdings Private Limited and Rs 38 crore from Pacific Horizon Investment Trust PLC.
(Also Read: Zomato Closes $ 660M Fundraiser For J-Series, Bringing Its Valuation To $ 3.9B)
Last year, Uber announced that it has sold Uber Eats’ Indian operations to Zomato for a share of 9.99% in Zomato. Uber sold its Indian grocery mail order business to Zomato for $ 206 million.
In December 2020, Zomato completed its flagship fundraiser, valued at $ 660 million, raising its valuation to $ 3.9 billion. The fundraising enabled 10 new investors to join Zomato, including Tiger Global Management, Baillie Gifford, Luxor Capital, Kora Capital, Steadview, D1 Capital and Mirae Asset. Zomato raised $ 140 million on a sideline.
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