Restaurant search portal Zomato secures fresh funding of USD 60 million
Restaurant search portal Zomato secured a fresh funding of USD 60 million led by new investors Temasek Holdings, and existing investors Vy Capital. Zomato will use this funding to expand its business in its new verticals such as online ordering, table reservations, cashless payments, point-of-sale, and the newly launched Whitelabel platform.
Last week, Zomato launched their online ordering services in the UAE, and will soon be rolling it out to Australia and South Africa. Over the next few months, the company will be launching their table reservations service Zomato Book, their point-of-sale system Zomato Base, and also rolling out their Whitelabel platform across geographies.
For the benefit of those who do not know what Whitelabel is, Whitelabel is a platform for Internet enabled restaurants with a collection of full-service smartphone apps provided by Zomato to powers digital presence for restaurants.
Earlier this year, the company has also two hyperlocal delivery startups – Pickingo and Grab for its food ordering and delivery business.
Founded by Deepinder Goyal and Pankaj Chaddah in 2008, Zomato is a global restaurant search and discovery service. It currently has operations in 22 countries, including India, Australia and North America.
Akash Boaz
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