Zomato has closed a fresh round of funding of USD 60 million at a post-money valuation of ~ USD 660 million. These funds will be used to accelerate Zomato’s global expansion and new product development.
This round of funding is being led jointly by Info Edge (India) Limited and Vy Capital, with participation from Sequoia Capital. This takes Zomato’s total funding to over USD 113 million. Zomato earlier raised $53 million from Info Edge (India) Limited and Sequoia Capital over multiple rounds of funding.
Zomato : Traction
- Zomato sees over 30 million visits across its web and mobile platforms every month. More than half of Zomato’s traffic is seen on its mobile apps.
- Zomato has acquired 4 companies in the recent past. These acquisitions include MenuMania in New Zealand, Lunchtime in the Czech Republic, Obedovat in Slovakia, and Gastronauci in Poland.
- Over the next year, Zomato plans to expand to 14 more countries across Europe, Southeast Asia, Australia, and the Americas.
Zomato claims to have 300% growth in revenue compared to last year.