Ant Financial is in discussions to lead the round, which could boost the online restaurant portal's valuation to $4bn and its stake to nearly 29%.
India-based food listings and delivery platform Zomato has entered talks with Ant Financial, e-commerce group Alibaba’s payment services affiliate, over a $600m funding round, the Financial Times has reported.
The round could value the company at more than $4bn, people familiar with the negotiations told the FT. It had raised a total of $690m as of March 2019 when it boosted its most recent round, which included a $210m investment from Ant Financial, to $315m.
The FT report…
