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Zomato raises Rs 1,065 crore from Ant Financial
Online restaurant guide and food ordering platform Zomato on Friday said it has raised $150 million (over Rs 1,065 crore) from existing investor Ant Financial as part of a larger funding round.
New Delhi: Online restaurant guide and food ordering platform Zomato on Friday said it has raised $150 million (over Rs 1,065 crore) from existing investor Ant Financial as part of a larger funding round.
According to a regulatory filing by Info Edge India, which is also an existing shareholder in Zomato, this transaction is at a pre-money valuation of $3 billion.
The investment is part of a larger funding round of up to $600 million, announced by Zomato Founder and CEO Deepinder Goyal in December.
"We have raised $150 million from Ant Financial as a part of a larger round. Ant Financial has been a steadfast partner in our journey towards achieving market leadership in on-demand food delivery in India, and dining out globally," a Zomato spokesperson said in a statement.
The filing by Info Edge India said Zomato Media has signed a definitive agreement to undertake a primary fund raising of up to $150 million from its existing shareholder, Antfin Singapore Holding Pte Ltd, and/or any of its affiliates.
