TechNetiZs

Reddit has announced about $250 million funding earlier this month about which you can read here . It was their series E round of funding. Now, they have added another $116 million to this financing event which made the total $367 million.  Reddit is aiming to raise up to $500 million in this capital raise. A Reddit spokesperson has confirmed this news and said this new capital is from New and Existing investors. They didn't say any particular names of investors. Reddit was in the spotlight for the past few months most recently, its role in the election and the rise in Gamestop's stock due to subreddit r/WallStreetBets .  Reddit raises $250 million.  

Indian food delivery startup, Zomato, had raised another $250 million. The last series J funding round was 2 months before with the closing of $660 million.  There are multiple investors this time some of them are Kora($115 million), Fidelity($55 million), Tiger Global($50 million), Bow Wave($20 million) and Dragoneer($10 million). ZOmato is 12-year old now and has its headquarter in Gurgaon. After this new investment, Zomato's total valuation is about $5.4 billion which was $3.9 billion in December last year. Zomato has acquired the Indian Food Delivery Business of Uber last year. The major competitor of Zomato at present is Swiggy(whose value is about $3.6 billion). Amazon has also started its food delivery service but only in some parts of Bangalore. Zomato co-founder and CEO, Deepinder Goyal said, December 2020 is expected to be the highest ever GMV month in our history. We are now clocking ~25% higher GMV than our previous peaks in February 2020. I am supremely excited about w...