Online food ordering and restaurant discovery firm Zomato is reportedly in talks to raise up to $200 million from Alibaba. This investment may happen at a valuation of $1.1 billion, propelling Zomato to the unicorn club for the second time.
This could help the company compete better with the likes of Uber and Google, if they choose to scale up their operations in India, as well as rivals Swiggy and Foodpanda.
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