Ant Financial is in discussions to lead the round, which could boost the online restaurant portal's valuation to $4bn and its stake to nearly 29%.

India-based food listings and delivery platform Zomato has entered talks with Ant Financial, e-commerce group Alibaba’s payment services affiliate, over a $600m funding round, the Financial Times has reported. The round could value the company at more than $4bn, people familiar with the negotiations told the FT. It had raised a total of $690m as…

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