Zomato in talks with Alibaba's Ant Financial to raise $200M
Food discovery and ordering startup Zomato is reportedly in talks with Alibaba's payments firm Ant Financial to raise up to $200 million. According to the reports, post the funding round, Zomato may hit a valuation of around $1.1 billion. Founded in 2008 by Pankaj Chaddah and Deepinder Goyal, the food-delivery startup has previously been backed by Silicon Valley-based Sequoia Capital.