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Alibaba's financial affiliate Ant Financial has invested another USD 210 million in Indian food-delivery platform Zomato, media reports said. The investment will be for a stake of slightly more than 10%, taking Zomato's valuation to around USD 2 billion, indiatimes.com reported over the weekend. Zomato raised USD 150 million in fresh capital in March from Ant Financial, which valued it at about USD 1.1 billion at that time, according to media reports. Zomato has raised a total of USD 651 million in funding in 11 rounds including this one, industry news site indianweb2.com reported.
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