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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.

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