Zomato raises $210 mn from Alibaba affiliate Ant Financial
Foodtech startup Zomato has raised $210 million from Chinese e-commerce giant Alibaba's affiliate Ant Financial, which runs payments platform Alipay. This comes after Ant Financial recently secured the right to become the largest shareholder in the Gurugram-based startup. Info Edge, Zomato's earliest backer said that after the deal, its stake in Zomato will reduce to 27.68% from 30.91%. 