Zomato in talks to raise up to $1 billion in funding: Report
Zomato is reportedly in talks to raise $500 million to $1 billion in funding from China-based equity firm Primavera Capital and existing investor Alibaba Holdings' investment arm Ant Financial. Primavera Capital may invest $200 million, while the remaining could be invested by Ant Financial, the report added. Last month, Zomato's rival Swiggy raised $1 billion in funding led by Naspers.