Zomato raised 60 million dollars of Fund from Info Edge, Vy Capital & Sequoia
Online restaurant guide Zomato raised 60 million US dollars of Fund from Info Edge, Vy Capital & Sequoia.
Online restaurant guide Zomato raised 60 million US dollars of fund from Info Edge, Vy Capital & Sequoia. The fund will be used to accelerate the company's global expansion and new product development.
Zomato has raised a total of 113 million US dollars (about 700 crore rupees) till date.
Zomato claimed to see over 30 million visits across its web and mobile platforms every month and planned to expand to 14 more countries across Europe, South-East Asia, Australia, and the America.
The current valuation of Zomato is more than four times its 150-million US dollars valuation when it raised 37 million US dollars in November 2013 led by Sequoia Capital.
India based Zomato was founded in 2008 by Deepinder Goyal and Pankaj Chaddah. Currently, the company is present in over 100 cities across India, UK, Canada, Lebanon, UAE, Turkey, New Zealand, Poland and the Czech Republic, among others.
The company has acquired 4 companies in the recent past, including, MenuMania in New Zealand, Lunchtime in the Czech Republic, Obedovat in Slovakia, and Gastronauci in Poland.
Founder and Chief Executive Officer: Deepinder Goyal