Ant Financial is set to lead a round that could value online restaurant listings and ordering platform Zomato at $3bn, while SoftBank looks to rival Swiggy.
India-based online restaurants portal Zomato is seeking up to $1bn in a round that will probably be led by e-commerce firm Alibaba’s financial services affiliate, Ant Financial, TechCircle reported today.
A person familiar with the matter said: “Zomato would be able to raise up to $1bn and the valuation is likely to touch $3bn post the funding round,” adding that the corporate will likely be joined by undisclosed new investors.
The news comes after three sources familiar with the development…
