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Zomato secures $60M from Info Edge, Vy Capital & Sequoia Capital

Online restaurant guide Zomato has raised $60 million (around Rs 370 crore) co-led by new investor Vy Capital and existing investor Info Edge* with participation from Sequoia Capital. This investment has been raised at a valuation of around $660 million. Of this, Info Edge has invested Rs 185 crore and continues to own majority 50.1% stake in Zomato. The company has invested around Rs 327 crore into the Zomato until now. (Also read: Info Edge: “We would be reluctant to reduce stake below 50% in Zomato”) Overall, Zomato has raised over $113 million investment across multiple rounds until now. This includes $37 million from Info Edge and Sequoia Capital in November last year,  Rs 55 crore from Info Edge in Feb 2013, Rs 12.86 crore from Info Edge in September 2012, Rs 13.5 crore from Info Edge in September 2011 and Rs 4.7 crore in 2010. The company plans to…

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