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Antfin Singapore to further invest up to USD 150 mn in Zomato

Capital Market 

Info Edge (India) announced that Zomato Media has signed a definitive agreement to undertake a primary fund raise of up to USD 150 million from Antfin Singapore Holdings (which is an existing shareholder of Zomato) and / or its affiliates.

Upon closing of this transaction, the company's shareholding in Zomato will reduce to about 25.13% on fully converted and diluted basis. The transaction values Zomato at a pre-money valuation of USD 3 billion.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, January 10 2020. 13:09 IST