Tag: Ant financial

Zomato raises $100 mn funding from Tiger Global, others

Food delivery unicorn Zomato has raised $100 million in funding from Tiger Global’s Singapore investment arm, Internet Fund VI Pte Holdings, according to YourStory report.  Post current funding, the foodtech unicorn is valued at $3.4 billion, which is close to its competitor Swiggy at $3.6 billion valuation, according to media reports.  Zomato will use the…

Temasek Holdings in talks with Zomato for a potential $100mn investment: Report

Singapore’s state investor, Temasek, is reportedly looking to invest up to $100mn in food delivery unicorn Zomato. The development was first reported by Economic Times on Tuesday, citing people familiar with the matter. According to the report, the investment comes at a time when Zomato’s largest institutional stakeholder Ant Financial’s promised investment of $150mn has…

Zomato raises $150mn at valuation of $3bn

Food delivery start-up Zomato on Friday announced that it has raised $150mn in fresh funding from Alibaba subsidiary Ant Financial. With the recent investment, Zomato is now valued at $3bn. Zomato was founded by Deepinder Goyal and Pankaj Chaddah in 2008. So far Zomato has raised a total of $840mn in funding from multiple investors.…

Zomato Raises $210 Million in Funding from Ant Financial.

Online food delivery platform Zomato has raised another $210 million in funding from Ant Financial, the financial arm of Alibaba Group. Info Edge disclosed in a stock exchange filing on Friday that it’s ownership in Zomato will fall from 30.91% to 27.68% as a result of the infusion from Alipay Singapore Holding Pte. Ltd or other…