Temasek Holdings Leads a $60 Million Series G Round in Zomato

Bengaluru: Zomato, India’s leading restaurant search and review platform, raises $60 million in its Series G fundraising endeavor led by Temasek Holdings and its existing investor Vy Capiyal also contributed to the round. The company plans to shell-out the fresh capital to enhance its offerings in online ordering, reservations & payments and the newly launched Whitelabel platform. Till date, the company has raised over $230 million from well-known investors like Info Edge, Sequoia Capital and Vy Capital; its previous fundraising being in April this year when it had raised $50 million in its Series F round led by Info Edge and Vy Capital.
Deepinder Goyal and Pankaj Chaddah, two ex-IIT Delhi graduates founded Zomato in 2008. It enables the users to browse through updated menus, pictures, and user reviews of various restaurants and plan out their dine-out, or use the map feature to explore the restaurants in different areas. The company’s app also allows the users to refine their search results according their preferred location, cuisine and food type.

Zomato is currently available in over 150 cities across the world including India, the UK, UAE, Canada & Brazil and has a workforce of over 3000. Since its inception, the company has listed over 1.4 million restaurants on its portal and also claims to receive 90 million visits to its web and mobile platform each month.

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