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 144 days ago
 Source: yourstory.com

[Funding alert] Foodtech unicorn Zomato raises $150M at a valuation of $3B

Quick Summary

Indian foodtech unicorn Zomato has raised $150 million as a part of a fresh fund raise from existing investor, Ant Financial. The current round of funding is a part of Zomato’s larger $500 million fund raise, which the startup is looking to close before the end of this quarter. Ant Financial has been a steadfast partner in our journey towards achieving market leadership in on-demand food delivery in India and dining out globally." Over the years, the foodtech platform diversified itself from just being a restaurant search company to a food delivery company. Last month, it was also reported by several other media that Zomato is close to acquiring Uber’s food delivery operations, UberEats.

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