News Snapshot:
Zomato looks to boost balance sheet, plug China gap in advance of IPO with $52m funding October 16, 2020 Jack Ellis Indian food delivery unicorn Zomato has reportedly raised $52 million in funding from US-based, emerging market-focused firm Kora Investments. The app — which allows Indians to order meals from local restaurants and have them delivered — has raised a total of $270 million this year including the injection from Kora, according to Mint . That sum is part of a larger, ongoing funding round expected to close at $600 million. China-India tension Last month, it was reported that Zomato...