Zomato to boost new business verticals with $60 million in fresh funding

Restaurant search and discovery application Zomato has raised $60 million in a fresh round of funding on Monday. The round is being led by Singapore-based investment company Temasek with participation from existing investor Vy Capital. This funding round takes Zomato 's total funding to $225 million, largely from four investors: Info Edge, Sequoia India, Vy Capital, and now Temasek.

The fresh funds will be used to make further investments in Zomato's new businesses such as online ordering, table reservations, point of sales and newly launched Whitelabel platform.

Founded in 2008, Zomato is headquartered in India, and employs over 3,000 people across 22 countries. Available on web and mobile, Zomato provides restaurant information such as menus, contact details, pictures, geo-coded maps, and user reviews, for 1.4 million restaurants.

Zomato sees over 90 million visits across its web and mobile platforms every month.

Last week, Zomato had announced strategic investments in Gurgaon-based Pickingo, and Mumbai-based Grab, both hyper-local delivery players, to enable last-mile delivery for restaurants.

As per the press release shared by the company, Deepinder Goyal, Founder and CEO of Zomato, said, "We will use this round to make investments in our new businesses such as online ordering, table reservations, point of sales, and our newly launched Whitelabel platform. With this round, and with some of our markets turning profitable recently, Zomato is well capitalised for at least two years."

Just as a precursor to the latest announcement, Zomato also announced the launch of its Whitelabel Platform, a full suite of technologies focused on restaurants.