Zomato has recently announced today that it has freshly received a new round of investments from one of the world's leading digital financial services providers: Ant Financial Services Group. In addition to that, the financial company has also bought USD 50 million worth of shares from Info Edge taking which all totaled to USD 200 million in Zomato investments.
"At Zomato, our long-term vision is 'better food for more people'. This partnership with Ant will significantly accelerate our journey towards our vision.” Chief Executive Officer and Founder of Zomato Deepinder Goyal told reports. “We believe that Ant is the right strategic partner for our business at this stage and we can gain tremendously by learning from and leveraging their global network, scale and technology."
Zomato website homepage. It is a restaurant search and discovery service founded in 2008.
Zomato as the world's leading restaurant discovery and online food ordering platform will utilize these investments to reinforce its leadership placement within its primary markets. It will be done by financing in product and technology as planned as well as providing better customer experience and unified payment alternatives as in trust with the strategic mobile wallet associates of Ant and Ant itself.
"Ant Financial is pleased to be part of Zomato's growth journey and hopes to contribute to its future development into a full-fledged food services platform. We plan to work closely with Zomato and share Ant's business and technology knowhow in building lifestyle apps.” President of Ant Financial International Douglas Feagin, told reports.
Zomato is a widely used app in where its users can access selections from over 10,000 cities across 24 countries and help them decide where to eat. Millions of users discover new restaurants around them as the app provides steadfast commitment and management tools for restaurants in all kinds.
Furthermore, the food discovery app has made its name in various countries of the world such as India, Middle East, Southeast Asia and Australasia as it is currently the most widely-used restaurant search and discovery mobile apps in the world.
“Through our strategic mobile wallet partners in India and across Southeast Asia, we see immense opportunities to collaborate with Zomato to bring a much improved user experience around dining, food ordering and delivery," Feagin added.
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