Restaurant Franchise Opportunities

Funding Nov, 19 2014

Zomato raises USD 60mn from multiple investors

The brand has also entered into the market like Czech Republic, Poland and UK and is planning to expand to 14 more countries across Europe, Southeast Asia, Australia, and the Americas.

By Franchise India Bureau
Zomato raises USD 60mn from multiple investors

Zomato, the online restaurant guide has raised USD 60 million (over Rs 365 crore) from Vy Capital and its existing investors Info Edge (India) Ltd and Sequoia Capital to expand its global presence.

“This round of funding is being led jointly by Info Edge (India) Ltd and Vy Capital, with participation from Sequoia Capital” Zomato quoted.

After this round of funding, the online restaurant guide has a total funding of over USD 113 million. Zomato had earlier raised USD 53 million from Info Edge (India) Ltd and Sequoia Capital over multiple rounds earlier this year.

This is an exciting point in our journey, as we accelerate our way across the globe, and build a product that will continue to redefine the way people dine”, said, Deepinder Goyal, Founder and CEO, Zomato.

“Zomato is one of the first Internet companies out of India with a consumer product that is scaling on a global basis....We look forward to being long-term partners of the company as it establishes itself among the global Internet leaders,” said, Alexander Tamas, Partner, Vy Capital Founding.

The brand has also entered into the market like Czech Republic, Poland and UK and is planning to expand to 14 more countries across Europe, Southeast Asia, Australia, and the Americas.

Zomato provides detailed information, menus and photos for over 300,000 restaurants across 18 countries. It is present in over 100 cities across India, UK, Canada, Lebanon, UAE, Turkey, New Zealand, Poland, Czech Republic, Slovakia, South Africa, the Philippines, Portugal, Brazil, Chile, Indonesia, Sri Lanka and Qatar.

Related: Loofre in advance talks with VCs to raise series A funds

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