Restaurant search and discovery app, Zomato, has announced it has raised USD$60 million in a fresh round of funding that is being led by Singapore investment company Temasek. With participation from existing investor By Capital, the company will use the investment to further grow its new business verticals. This takes Zomato’s total funding to USD$225 million, stemming from only four investors, Info Edge, Sequoia India, Vy Capital and now Temasek. Founded in 2008, the company employs over 3000 people across 22 countries and is available on web and mobile. Zomato provides detailed restaurant information such as menus, contact details, pictures, geocoded maps and user reviews for 1.4 million restaurants.
In recent weeks 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. The key feature on the platform is the ability for restaurants to launch custom-branded native mobile apps to help them connect with and engage their customers, and operate at internet scale.
