Zomato, an Indian restaurant aggregator and food delivery startup, is preparing to raise $600 million in a new financing round.
The fresh financing is expected to be led by previous backer, Ant Financial Services Group, an investment unit of Alibaba Group.
Furthermore, Temasek is also expected to pump in significant capital into the round, along with other hedge funds, which may also pool in around $150 to 200 million.
In February this year, Zomato had secured about $40 million in a funding round, that valued the startup at approximately $2 billion.