Temasek, Vy Capital lead $60m round for India's Zomato

The company said in a statement that it will use the new capital to invest in new areas such as online ordering, table reservations, cashless payments, and point-of-sale services. Zomato added that, with more of its markets turning profitable, it is well capitalized for the next two years.

The previous round of $50 million came less than six months ago, led by existing backer Info Edge, which already held a majority stake in the company. Zomato has now raised more than $220 million and is said to be valued at in excess of $1 billion. Other investors include Sequoia Capital.

Zomato has built up a footprint that covers 22 countries, having acquired US-based Urbanspoon in January and other counterparts in the Czech Republic, Slovakia, and New Zealand. The company's listings have expanded to more than 300,000 restaurants. Customers use the site to look up menus, directions, and restaurant reviews, and to keep personal dining diaries.

Zomato has now launched a suite of technologies - the Whitelabel platform - that allow restaurant partners to launch customized mobile apps in order to better engage with customers. The company is also said to be entering the delivery space, having invested in a couple of local delivery start-ups.

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• Topics
• South Asia
• Venture
• Technology
• Consumer
• Expansion
• India
• Temasek Holdings
• Venture
• Growth capital
• TMT
• Consumer