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Alibaba’s Alipay Holdings, invests $210 million more in Zomato

Alibaba’s Alipay Holdings, invests $210 million more in Zomato

Image credit: Shortpedia

Alibaba Group’s payment affiliate, Alipay Singapore Holdings Pte Ltd. has invested $210 million more in Zomato. As per a stock exchange filing by Info Edge (India) Ltd., Zomato has signed a final deal with Alipay for the key fundraise. Info Edge has said that when the deal will close its shares will decline from 30.91% to 27.68% in the food-tech company. This is the second huge fundraise by Zomato from Alipay in 2018.

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