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18.12.2020 / 19:40

Zomato raises $660 mn at a post-money valuation of $3.9 bn

Zomato on Friday announced closing of a $660-million primary financing round at a post-money valuation of $3.9 billion.In a series of tweets, CEO Deepinder Goyal said "marquee global investors share our enthusiasm about the future of this business".The 10 investors from whom Zomato raised the funds are Tiger Global, Kora, Luxor, Fidelity (FMR), D1 Capital, Baillie Gifford, Mirae, and Steadview."Food delivery in India is rapidly coming out of COVID-19 shadows. December 2020 is expected to be the highest ever GMV month in our history.

Deepinder Goyal India covid-19 2020

Zomato CEO says food delivery in India has reached pre-Covid levels

COVID-19 peaks, Zomato Founder and CEO Deepinder Goyal said today."Happy to share that India food delivery volumes have reached pre-COVID peaks. A number of cities are now at over 120 per cent of pre-COVID peaks," Zomato CEO Deepinder Goyal said in a tweet.The food delivery industry continues to show strong signs of recovery.

Deepinder Goyal India covid-19 2020 pandemic

Lockdown impact: Zomato to lay off employees, opt for temporary pay cuts

New Delhi: Online food delivery company Zomato is set to lay off 13% of its workforce as the covid-19 induced lockdowns have hit its food delivery business.

Deepinder Goyal city New Delhi covid-19 pandemic economy

Zomato extends Gold memberships across countries by 4 more months

Amid the coronavirus lockdown, Zomato today announced that it will extend all Gold memberships by four more months. "We are extending all Gold memberships across countries by four more months (total of 6 months extension now). This covers India, UAE, Australia, New Zealand, Portugal, Philippines, Indonesia, Turkey and Lebanon," Zomato CEO Deepinder Goyal said.

Deepinder Goyal Philippines India Indonesia Australia New Zealand Portugal Turkey Lebanon Uae Coronavirus

Zomato begins grocery delivery in 80 cities

NEW DELHI : Online food ordering and delivery platform, Zomato on Tuesday said the company has begun grocery delivery services in over 80 cities in India—after launching it in a few cities—as it seeks to ensure last-mile delivery of essentials to Indian households that are in the middle of a three-week lockdown.

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Zomato Gold memberships extended for free, fund set up for delivery boys

Amid the nationwide lockdown in the country, food delivery giant Zomato announced a slew of measures to support its partner restaurants and delivery boys. The company has set up a fund to help daily wage workers in the country. Known as 'Feed the Daily Wager', the new initiative of Zomato has received ₹6.5 crore in last 24 hours, tweeted Zomato co-founder Deepinder Goyal. The fund has so far collected more that ₹10 crore.

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COVID-19

United States	Cases: 46 252 513 Deaths: 750 423 Recovered: 0
India	Cases: 34 321 025 Deaths: 459 652 Recovered: 0
Brazil	Cases: 21 835 785 Deaths: 608 235 Recovered: 0
United Kingdom	Cases: 9 215 683 Deaths: 141 607 Recovered: 0
Russia	Cases: 8 494 589 Deaths: 237 619 Recovered: 0

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