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

Fundraising comes amid intensifying competition in local food delivery market

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The latest funding values Zomato at $3 billion, according to parent company Info Edge. © Getty Images

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."

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