Food aggregator Zomato is finalizing funding round to raise $600 Mn. Investment round will be led by existing Chinese investor, Ant Financial. Zomato has recorded a 225% rise in revenue in the first half of FY 2020. Few hedge funds may also invest about $150 Mn-$200 Mn in Zomato. The funding will intensify battle between Zomato and Swiggy.
