Hotline: 1800 102 2007
X
Search Business Opportunities
Oct, 16 2018

Zomato Raises $210 Million From Ant Financial

Ant Financial has invested another $210 million in restaurant discovery and food-delivery platform Zomato.

Ant Financial, the Alibaba-owned payment affiliate, has invested another $210 million in restaurant discovery and food-delivery platform Zomato.

As a result of the infusion from Alipay Singapore Holding Pte Ltd or other affiliates of Ant Financial, Info Edge's (India) ownership in Zomato will fall from 30.91% to 27.68%.

Info Edge said, "We would like to bring to your knowledge that Zomato has signed a definitive agreement to undertake a primary fund raise of approximately USD 210 million from Alipay Singapore."

The development comes after Zomato had raised $200 million in a funding round led by Ant Financial in February. Under this deal, Alipay had pumped in $150 million as primary capital in Zomato.

Comment
Related opportunities
  • Women's clothing
    About: There is no doubt about the fact that India’s gen-next..
    Locations looking for expansion Karnataka
    Establishment year 2014
    Franchising Launch Date 2018
    Investment size Rs. 20lac - 30lac
    Space required 800
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Bangalore Karnataka
  • CAD/CAM/CAE & Multimedia
    About Us: CogniznR is a venture of Rudrabhishek Infosystem Pvt. Ltd...
    Locations looking for expansion Uttar pradesh
    Establishment year 2017
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 1000
    Franchise Outlets Less than 10
    Franchise Type Unit
    Headquater Noida Uttar pradesh
  • Juices / Smoothies / Dairy parlors
    About Us: Rasna – Mocktail Bar is a revolutionary venue that’s..
    Locations looking for expansion Delhi
    Establishment year 1976
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 150
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New Delhi Delhi
  • Bike Showroom
    About Us: CREDR BRIEF India’s largest Fully Integrated Ecosystem for Used Two-wheelers,..
    Locations looking for expansion New Delhi
    Establishment year 2015
    Franchising Launch Date 2017
    Investment size Rs. 30lac - 50lac
    Space required 1000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Delhi New Delhi
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities