Ant Financial invests another $210m in Zomato

Source:Global Times Published: 2018/10/15 22:33:41

Alibaba's financial affiliate Ant Financial has invested another $210 million in Indian food-delivery platform Zomato, media reports said.

The investment will be for a stake of slightly more than 10 percent, taking Zomato's valuation to around $2 billion, indiatimes.com reported over the weekend.

Zomato raised $150 million in fresh capital in March from Ant Financial, which valued it at about $1.1 billion at that time, according to media reports.

Zomato has raised a total of $651 million in funding in 11 rounds including this one, industry news site indianweb2.com reported.
Newspaper headline: More investment in Zomato


Posted in: COMPANIES

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