Gurgaon-based restaurant search and discovery platform Zomato has raised $60 million in its Series G round of funding from Singapore government-owned investment company Temasek, along with existing investor Vy Capital.
Zomato will use the freshly raise funds to make investments in its new businesses verticals including online ordering and table reservations.
So far, Zomato has raised a total of about $225 million in eight rounds of funding since its launch in 2008. It comes from a set of only four investors – Info Edge, Sequoia India, Vy Capital, and now Singapore-based Temasek.
The company is present in 22 countries and has about 3000 employees globally. Most recently, Zomato had raised $50 million in April from existing investors including Info Edge and Sequoia Capital.
Today, Zomato also launched its Whitelabel Platform (zomato.com/whitelabel), which will offer a host of technologies for restaurants to run their business on the internet.
“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,” said Deepinder Goyal, founder and CEO, Zomato.
Over the past year, Zomato acquired eight restaurant search players in New Zealand, Poland, Czech Republic, Slovakia, Turkey and Italy. UrbanSpoon deal gave Zomato entry into more developed market like Canada, Australia and USA which would pit it against large players like US-based Yelp Inc.