India's Zomato nabs $150m from China's Ant Financial at $3b valuation

Photo: Mint

Food ordering and delivery platform Zomato Media Pvt Ltd has entered into an agreement to raise up to $150 million from existing investor Ant Financial.

The Gurugram-based company is raising the primary capital at a pre-money valuation of $3 billion, its other investor Info Edge (India) Ltd said in a BSE filing on Friday. Upon closing of this financing, Info Edge’s shareholding in Zomato will reduce to about 25.13 per cent on a fully converted and diluted basis, it added.

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