Alipay invests $210M in Zomato

Indian food-delivery and restaurant discovery platform, Zomato, has a signed a deal with Alipay Singapore Holding Pte. Ltd. to raise about $210 million. Alipay, digital payments arm of Chinese e-commerce giant Alibaba, is an existing shareholder of Zomato. This will lead to parent company Info Edge’s shares in Zomato to be diluted down to 27.68 per cent from the currently held
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