Announced
Financials
Sources
Tags
food delivery platform
Acquisition
Private
Friendly
E-commerce
Minority
Pending
India
food delivery services
Single Bidder
Private Equity
Synopsis
Ant Financial, a FinTech company is set to invest $150m in online food delivery services provider Zomato at $3bn valuation. "This is to inform you that Zomato Media has signed a definitive agreement to undertake a primary fund raise of up to $150 m from Antfin Singapore Holding (which is an existing shareholder of Zomato) and/or any of its affiliates. The transaction values Zomato at a pre-money valuation of $3 billion," Zomato.
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