Global firms, Singapore govt rush to buy Alipay's stake in India's Zomato

Global firms, Singapore govt rush to buy Alipay's stake in India's Zomato

FILE PHOTO: A delivery worker of Zomato, an Indian food-delivery startup, prepares to leave to pick up an order from a restaurant in Mumbai, India, July 13, 2021. REUTERS/Francis Mascarenhas/File Photo

Global money managers and banks ranging from Vanguard to Goldman Sachs as well as the Singapore government rushed to grab a slice of Zomato after Chinese payments group Alipay offloaded its entire 3.44% stake in the Indian food delivery platform.