India set to clear 45 investment proposals from China : Bulletin: Business Today
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India set to clear 45 investment proposals from China

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Rashi Bisaria | February 23, 2021

Zomato raises $250 million from 5 different investors

Food delivery platform Zomato has raised $250 million from five different investors as part of a primary fundraising round. The transactions valued Zomato at a post-money valuation of $5.4 billion, Info Edge, which holds a stake in the company, said in a regulatory filing. Info Edge's stake in the company stands at 18.4 per cent after the fundraising  round.

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India set to clear 45 investment proposals from China, may include Great Wall Motor, SAIC

India is set to clear 45 investment proposals from China, which are likely to include those from Great Wall Motor and SAIC Motor Corp, government and industry sources told Reuters, as military tensions between the two countries ease at the disputed border. The proposals have been held up since last year after India tightened controls on Chinese investment in the country in retaliation against alleged Chinese troop incursions in the western Himalayan region. China blamed Indian troops for the standoff.

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