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Zomato raises $150 m from Ant Financial at $3 b valuation

January 10, 2020

Zomato raises $150 m from Ant Financial at $3 b valuation

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.

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