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Zomato raises $150 million at over $1 billion valuation
short by Aditi Verma / on Thursday, 1 March, 2018
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.
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