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…
