Zomato has raised $60 million in a fresh round of funding that is being led by Singapore investment company, Temasek with participation from existing investor Vy Capital and will use the investment to further grow its new business verticals.
This takes Zomato’s total funding to ~USD 225 million – it comes from a close set of only four investors – Info Edge, Sequoia India, Vy Capital, and now Temasek.
Founded in 2008, Zomato is headquartered in India, and employs over 3000 people across 22 countries. Zomato sees over 90 million visits across its web and mobile platforms every month.
Just last week, Zomato made strategic investments in Gurgaon-based Pickingo, and Mumbai-based Grab, both hyperlocal delivery players, to enable last-mile delivery for restaurants including dine-in-only restaurants that don’t otherwise deliver.
Zomato has also announced the launch of its Whitelabel Platform, a full suite of technologies for restaurants to run their business on the internet.