Ant Financial gets right to be largest shareholder in Zomato
Alibaba's affiliate Ant Financial has secured the right to become the largest shareholder in food-delivery platform Zomato, replacing the startup's earliest backer Info Edge. The agreement is reportedly part of Ant Financial's $200 million investment in Zomato which was made earlier in February. Ant Financial holds 20-22% stake in Zomato, whereas Info Edge holds about 31% stake.