Info Edge (India) has informed that Zomato Media (Zomato) has signed a definitive agreement to undertake a primary fund raise of up to $150 million from Antfin Singapore Holding (Antfin) (which is an existing shareholder of Zomato) and/ or any of its affiliates, and upon closing as a consequence of this fund raise, its shareholding in Zomato shall stand reduced to about 25.13% on fully converted & diluted basis. The transaction values Zomato at a pre-money valuation of $3.0 billion.
The above information is a part of company’s filings submitted to BSE.
