Foodtech company Zomato has raised Rs 456 crores from a subsidiary of existing investor Temasek Holdings, a Singapore government-owned investment firm, as per data sourced from Tofler. MacRitchie Investments, the subsidiary of Tamasek has invested Rs 455.99 crore for 15,188 shares in the company.

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The funding comes even as reports suggest the company is still to receive investments of $150 million committed to the company by Alina's Ant Financial.

Zomato had taken a massive hit on business during the COVID-19 crisis, but said in July that it is expecting to make a complete recovery of monthly revenues in the next three to six months. The company also said it had cut its monthly burn rate to under $1 million in July compared to $12 million in March this year.

Zomato's revenues have more than doubled in FY20 to $394 million, a 105 percent jump from the previous year.

The company saw costs grow 47 percent in the fiscal, with EBITDA losses growing marginally to $293 million compared to $277 million in FY19.