Zomato set to raise around $70 Mn from Temasek; allot ESOPs worth $52 Mn
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Zomato is on the verge of raising a new funding round from Temasek. The contours of the deal have been finalised and regulatory filings hint that the company would raise anywhere up to $72 million from the Singapore government-owned investment firm. Zomato was supposed to receive capital from Ant Financials, but the new FDI rule has delayed the process, leaving the company in search of a new source of capital.