Alibaba’s Ant Financial pumps $200 million into Zomato, takes valuation to $1.1 billion

The foodtech battle just got a little more interesting. Delhi-NCR-based unicorn foodtech startup Zomato has raised $200 million from Ant Small and Micro Financial Services group. With the fund-raising, the valuation of the company has risen to $1.1 billion. The $200 million funding includes a secondary share sale of $50 million by Info Edge to Ant Financial.

According to media reports, the secondary sale dilutes parent Info Edge’s stake in Zomato to 30.91 percent.

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