Updated: Zomato Raises Rs 13.5 Crore From Info Edge


Updated below: Online restaurant guide, Zomato has raised Rs 13.5 crore in its second round of funding from Info Edge (Naukri). Info Edge reported the same to the Bombay Stock Exchange via a filing. With this round, Info Edge’s total investment in the company stands at Rs 18.2 crore. Last year, it had invested Rs 4.7 crore in Zomato (Foodiebay, at the time of the investment).

According to Pankaj Chaddah, one of the founders of the company, Zomato intends to use the funds to scale operations, enhance user experience on its web and mobile products, and increase market reach. It plans to invest in building a strong team, marketing the product and in introducing new products.

Zomato claims to have listings for over 18,000 restaurants across 10 Indian cities, namely Ahmedabad, Bangalore, Delhi NCR, Chandigarh, Chennai, Hyderabad, Jaipur, Kolkata, Mumbai, and Pune, and more than 10 Lakh monthly users.

It had recently introduced an Events section, starting with Delhi/NCR and Bangalore, which it plans to extend to Mumbai. Deepinder Goyal, one of the founders of the company had informed that it is working on an e-commerce section, which it intends to roll out before the end of this year. The company also intends to integrate Events in its mobile apps.

Category : Info Edge (Naukri), Investment, News | Tags :

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