Zomato has received $150m from Alibaba's financial services affiliate, which also bought $50m of shares from classified listings operator Info Edge.
India-based online restaurant listings platform Zomato has confirmed it has raised $150m in funding from Ant Financial Services, the financial services affiliate of e-commerce firm Alibaba.
Ant Financial acquired an additional $50m of shares from classified listings provider Info Edge through a secondary transaction. The deal valued Zomato at more than $1bn, it said in a statement that followed media reports last month touting a $1.1bn valuation.
Zomato has created an online listings and review platform that covers some…
