Zomato is reportedly in talks to raise $400 million, largely from existing investors Ant Financial and Temasek, at a valuation of as much as $2 billion.
Xiaomi which has filed for an initial public offering in Hong Kong last month, is now aiming to raise only $6.1 billion and the valuation may now plummet to $53.9 billion in the IPO. The company was initially planning to raise around $10 billion that would increase its value to a high of $100 billion.
