Apply For FDI

ENQUIRY


captcha
Fraud Warning Disclaimer : FDI India warns you against certain individuals that might falsely present themselves as our affiliate agents, representatives, or employees. Under this false pretence, they might try to gain access to your personal information or to acquire money as Consultation fee or any other form or other valuables from you by offering fictitious employment opportunities or by claiming that they are contacting you on our behalf. Don’t fall prey into the fraudulent misrepresentation. Such fraudulent claims and offers are received generally via email, text message, phone, or internet, etc.

FDI India would like to bring to your notice that our authorized official Email IDs are enquiry@fdi.finance, info@fdi.finance, india@fdi.finance and Contact Numbers are 1800 891 1610 and 8595911148. FDI India shall not be liable for any claims, damage, or loss of any kind inflicted by any other unauthorized entity. Be very mindful of such scams.
Legal : We own all the information, images, text, logo, and other content provided by us. The use of information is strictly prohibited without our consent. We hold the right to take a legal action against any individual or organization violating or using our site information.
Become A Partner Apply For FDI
Fdi India news

China FDI Scrutiny Causes Zomato to Seek Help from Singapore’s Temasek

    1 July , 2020         Fdiindia

China FDI Scrutiny Causes Zomato to Seek Help from Singapore’s Temasek

Zomato, the foodtech giant is now eyeing Singapore based VC Temsek for funding. It has been an after effect of the rising scrutiny over Chinese investments as per the new FDI rule. The deal was near close when the terms of deals were being renegotiated, that stopped the process. Zomato is facing a crunch due to the restaurants being closed. Hence, the introduction of zomato market.

India’s current foreign Direct Investment (FDI) policies and the launch of Amazon’s food delivery platform has definitely caused the matter to complicate. Singapore’s Temasek had initiated an investment in Zomato in 2015. So far, close to about $41 Mn and also holds about 3% stake in the Gurugram based food delivery giant. Zomato CEO and cofounder had announced that the company would be raising about $500 - $ 600 Mn by January 2020.

  • Zomato has received $50 Mn investment out of the committed $150 Mn from China’s ANT Financial.
  • $5 Mn investment from British Investment Manager Baillie Gifford’s Pacific Horizon Investment Trust.
  • Zomato’s investor Info Edge confirmed has been in talks since last year to raise around $500 Mn and also received positive response from both existing as well as new investors.

Other than the various administrative approvals, elements from India's outskirt sharing nations — China, Pakistan, Nepal, Bangladesh and Myanmar — would require the concerned service's endorsement before establishing the speculation.

It isn't yet clear if ANT Financial will have the option to inject the sum without consent, given that the arrangement was marked in January. The Indian government prohibited 59 Chinese applications, including TikTok, UC Browser, Cam Scanner and others, while there has been pressure on government offices to just utilize Indian innovation items and administrations in their tasks.