Zomato to potentially become a $2 billion business with upcoming investment

Food delivery startup Zomato is reportedly in talks to raise $400 million via existing and new investors. The company is said to be in negotiations with Ant Financial Services Group and Holdings Private Limited which could lead to a valuation of a whooping $2 billion. The company is also said to be in talks with Alibaba Group for the investment.

This comes right after Zomato’s rival in the food delivery business, Swiggy, announced a new funding of $210 million on Thursday, which is also the largest funding by a food-tech startup.

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