Delhi-based Zomato announced earlier today that it’s raised an additional $60 million in funding, which the restaurant discovery app will use to expand into even more countries and further develop its existing products. This latest round of funding was led by Temasek, an investment company that’s owned by the Singaporean government, and brings Zomato’s lifetime funding to $225 million.
We’re delighted to announce a fresh infusion of USD 60 million into our arsenal, led by new investors Temasek Holdings, and existing investors Vy Capital. We’ll be investing this round to make investments in our new businesses, such as online ordering, table reservations, cashless payments, point-of-sale, and our newly launched Whitelabel platform. More of our markets have turned profitable recently and we are well capitalised for the next two years, putting us in a great position to extend our business verticals to more global markets. Just last week, we launched our online ordering services in the UAE, and will soon be rolling it out to Australia and South Africa. Over the next few months, we’ll be launching our table reservations service Zomato Book, our point-of-sale system Zomato Base, and rolling out our Whitelabel platform across geographies. There are exciting days ahead as we work towards building one of the largest food-tech companies in the world – we’ll get right back to it after a sip of coffee.
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