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| Exchange Disseminated Time | Info Edge (India) Ltd has informed BSE that Info Edge has committed to make an additional investment of an amount of about Rs.1.85 billion in the shares of Zomato Media Private Ltd (which owns and operates an online food guide portal www.zomato.com). Info Edge would be investing along with two other investors in this round of funding, which aggregates to Rs.3.70 billion and includes purchase of shares from certain existing shareholders.
Info Edge would be subscribing/purchasing equity shares and convertible preference shares of Zomato Media Private Limited. Upon disbursement of this amount, the total amount invested by Info Edge in Zomato Media Private Limited will be about Rs. 3.27 billion and the shareholding of Info Edge in Zomato Media Private Limited, post aforesaid aggregate fund raise of Rs.3.70 billion, will be maintained at 50.1% on a fully converted and diluted basis.
Zomato Media Private Limited is raising funds at a pre-money company valuation of about Rs.37.0 billion (approx. USD 600 million, assuming 1 USD = Rs.61.5). |
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