wordpress blog stats
Connect with us

Hi, what are you looking for?

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.

Advertisement. Scroll to continue reading.
Written By

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

While the market reality of popular crypto-assets like Bitcoin may undergo little change, the same can't be said for stablecoins.

News

Bringing transactions related to crypto-assets within the tax net could make matters less fuzzy.

News

Loopholes in FEMA and the decentralised nature of crypto-assets point to a need for effective regulations.

News

The need of the hour is for lawmakers to understand the systems that are amplifying harmful content.

News

For drone delivery to become a reality, a permissive regulatory regime is a prerequisite.

You May Also Like

News

Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

Advert

135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

News

By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ