Zomato set to raise $200 Mn from Tiger Global ahead of proposed IPO next year


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Indian foodtech unicorn Zomato may receive an investment of up to $100 Mn from US-based investment firm Tiger Global Management, with an option to inject another $100 Mn, ahead of a proposed initial public offering (IPO) by the Indian startup next year. Tiger Global counts other Indian unicorns such as ecommerce giant Flipkart and online insurance aggregator PolicyBazaar, among others, in its portfolio.