ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
Business deals

India's Zomato raises $150 million more from Ant Financial

Fundraising comes amid intensifying competition in local food delivery market

MUMBAI (NewsRise) -- Food delivery company Zomato Media has received $150 million from Alibaba Group Holding-backed Ant Financial, ahead of a larger round of funding set to be finalized in the next two months.

"We have raised $150 million from Ant Financial as a part of a larger round," a spokeswoman for Zomato said Friday. "Ant Financial has been a steadfast partner in our journey."

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more