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Apr, 21 2015

Zomato turns unicorn, fetches $1 billion valuation

The online discovery platform has recently raised $50 million from info edge who has also invested in the start-up earlier, adding a total of $163.5 million till now.

Zomato, one of the largest restaurant discovery platforms, has entered among 16 global companies that have entered the $1-billion valuation league this year, said a report by New York-based venture capital tracker CB Insights.

The online discovery platform has recently raised $50million from info edge who has also invested in the start-up earlier, adding a total of $163.5 million till now.

With the series F round of funding the restaurant discovery platform has become one of the largest player in the segment with an announcement of entering into the food delivery space.

Zomato recently also acquired MapleGraph Solutions Pvt Ltd, which operated a point-of-sales business, for an undisclosed amount in what is its first acquisition outside its core business of restaurant listings and reviews.

With this acquisition, it will have its own version of the product under Zomato Base which would allow restaurants manage inventory and payments as well as provide real time analytics and more.

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