Zomato Raises $60 Million From VY Capital And Existing Investors


BANGALORE: Zomato, the popular restaurant search and discovery service, today announced that it has closed a fresh round of funding of USD 60 million at a post-money valuation of USD ~660 million. These funds will be used to accelerate Zomato's global expansion and new product development.

 This round of funding is being led jointly by Info Edge (India) Limited and Vy Capital, with participation from Sequoia Capital. This takes Zomato’s total funding to over USD 113 million. Zomato has earlier raised USD 53 million from Info Edge (India) Limited and Sequoia Capital over multiple rounds of funding.

Zomato provides up-to-date detailed information, menus and photos for over 300,000 restaurants across the 18 countries it is present in. The company takes a content-focused approach to restaurant search, believing that menus, pictures and maps are as important as reviews when it comes to a customer deciding where to eat.

 Users can access all this information for free on Zomato’s website (available at www.zomato.com), or on Zomato’s beautifully designed mobile apps for iOS, Android, or Windows Phone. Zomato's mobile focus is also accompanied by the recently launched Zomato for Business application – an app built exclusively to help restaurant owners engage and attract more customers to their business.

Here are some of the facts about Zomato:

Founded in 2008, Zomato is headquartered in New Delhi, India, and employs over 900 people across 100+ cities in 18 countries.

Available on web and mobile, Zomato provides detailed restaurant information such as menus, contact details, pictures, geocoded maps, and user reviews, for ~300,000 restaurants.

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