China’s online travel services provider Ctrip is reportedly planning to invest around $100 million in Indian online food delivery and restaurant search platform Zomato in a deal that values the company at $1.8 billion to 2 billion, The Times of India is reporting, citing people with knowledge of the matter.

The total amount of this funding could go up to $400 million with the participation of Alibaba’s financial affiliate Ant Financial and several unnamed investors, the report added. Another source, speaks on anonymity, adds that the transaction should close in two weeks.

The spokesperson for Ctrip did not comment to TechNode’s inquiries.

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Emma Lee

Emma Lee is Shanghai-based tech writer, covering startups and tech happenings in China and Asia in general. We are looking for stories related to tech and China. Reach her at lixin@technode.com.