Zomato raises $150 million at over $1 billion valuation

Food discovery startup Zomato has raised $150 million from Chinese e-commerce giant Alibaba's payment affiliate Ant Financial. The round has valued the startup at more than $1 billion, it said on Thursday. As part of the deal, Ant Financial is buying $50 million worth of shares from Info Edge, taking its total investment in the Gurugram-based startup to $200 million.