Indian food technology startup Zomato Media has been in talks raise $400 million, largely from existing investors Chinese financial services group Ant Financial and Singaporean investment holdings company Temasek.
The startup is at a valuation of as much as $2 billion, as the fast-growing online food ordering space continues to attract investor attention.
Apart from existing investors, Zomato is also in talks with Alibaba Group for the existing funding round.
Currently, Zomato clocks about $13.4 million in revenues per month.