Online restaurant search and review portal Zomato, has raised about R400.29 Cr ($60 Mn) in a fresh round of funding led by Temasek Holdings, and existing investors Vy Capital. The proceeds will be utilize in its new businesses like online ordering, table reservations, cashless payments, point-of-sale, and the newly launched Whitelabel platform. The company had launched its online ordering services in the UAE and sooner to be expanded to Australia and South Africa. The company is also planning to launch its table reservations service Zomato Book, point-of-sale system Zomato Base and Whitelabel platform across geographies in over the next few months. Recently, the company had made strategic investments in Gurgaon-based Pickingo, and Mumbai-based Grab, both hyperlocal delivery players. The new funding round raised Zomato’s total funding to ~$ 225 million which comes from a close set of four investors – Info Edge, Sequoia India, Vy Capital, and now Temasek.
Source: dealcurry.comTemasek, Vy Capital Invest In Zomato
Industry: Hotel 2015-11-23
