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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