India-based online restaurant search and discovery service Zomato has secured USD 60 million in a fresh round of funding, jointly led by Info Edge (India) Limited and Vy Capital.
Sequoia Capital also participated in the round, and this new investment brings Zomato’s total funding to over USD 113 million. The startup will use the new funding to accelerate Zomato’s expansion overseas and also in product development.
Zomato was founded in 2008 by Deepinder Goyal and Pankaj Chaddah, and now it has become the number one portal for food and restaurant search.
The company has been on acquisition drive overseas, and acquiring one after another restaurant search portal globally. It now provides up-to-date detailed information, menus and photos for over 300,000 restaurants across the 18 countries.
Zomato’s previous acquisitions includes New Zealand-based restaurant search service MenuMania, Czech Republic’s restaurant guide Lunchtime.cz and Slovakia’s restaurant guide Obedovat.sk.
Sanjeev Bikhchandani, Founder of Info Edge, said, “Our first investment in Zomato was made almost 4 years ago, and the team has shown phenomenal progress since then to build the Zomato that we know and use. The company is growing very fast, and we are proud to back them up to further grow the business – both inside and outside of India.” Apart from the website, the company also offering the service via app available on Android and iOS platforms.