Zomato raises $150 m from Ant Financial at $3 b valuation
January 10, 2020
Zomato has raised $150 m(1050 cr) from their previous investor Ant Financial.
This valued the company at $3 billion (2,100cr), the report came from economic times.
Zomato may also raise money up to 4100-200 m from Uber.
The previous investment which came from Ant Financial was in 2018 at $210 m for a 14.7% stake.
As of now, Ant Financial now has a 23% stake in the food delivery company which makes them have a greater say in Zomato’s operations than other stakeholders.