Ant Financial takes $200m bite of Zomato

Feb 2, 2018 • Robert Lavine

The investment includes a $50m secondary share purchase from Info Edge and values restaurant listings platform Zomato at $1.1bn.

Ant Financial, the financial services affiliate of China-headquartered e-commerce firm Alibaba, has agreed to invest $200m in India-based restaurant listings and reviews platform Zomato at a $1.1bn valuation, LiveMint reported yesterday.

Info Edge, the online classified listings company that was Zomato’s majority investor as recently as 2015, is selling $50m of shares to Ant Financial as part of the round and will own a 30.9% stake once the deal closes, according to a stock exchange filing.

Zomato operates an online…

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