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Zomato Raises $150 Million From Alibaba’s Ant Financial, Valuation Rises From $2.1 Billion $3.1 Billion
Zomato has built up its arsenal as it continues its to grind it out with Swiggy for dominance over India’s food tech space. Zomato has raised $150 million (Rs. 1,050 crore) from Alibaba affiliate Ant Financial in a latest round of funding announced today. The fundraise values Zomato at $3 billion pre-money, which means its post money valuation is $3.15 million. Last year, Zomato had been valued at $2.18 billion, and its latest valuation brings it...