Ant Financial-led funding boost may put Zomato back in the saddle in race with Swiggy
The funding—the largest so far—comes at a time when Zomato is faced with NRAI’s ‘logout’ campaign
Formerly known as Alipay, Ant Financial Services Group is an affiliate company of the Chinese Alibaba Group
BENGALURU : Online food ordering and discovery platform Zomato could not have earned its fat cheque at a more opportune time. The company is reportedly set to raise as much as $600 million in a funding round led by existing investor Ant Financial that will see its value zoom by more than a billion dollars to more than $3 billion. Ant Financial Services Group, formerly Alipay, is an affiliate of China’s Alibaba Group.