Restaurant search and discovery platform Zomato has raised $60 million in a fresh round of funding from Singapore government-owned investment company Temasek, along with existing investor Vy Capital. The company said that it will use the investment to further grow its new business verticals.
Zomato has raised a total of $225 million in eight rounds of funding since its launch in 2008. It comes from a set of only four investors — Info Edge, Sequoia India, Vy Capital, and now Singapore-based Temasek.
“We will use this round to make investments in our new businesses such as online ordering, table reservations, point of sales, and our newly launched Whitelabel platform,” said Deepinder Goyal, Zomato’s founder and CEO. “And with some of our markets turning profitable recently, Zomato is well capitalized for at least two years.”
Earlier on Monday, Zomato also launched its Whitelabel Platform that enables restaurants to launch custom-branded native mobile apps, and bridge the gap between them and their customers.
“Over the next few months, we’ll be launching our table reservations service Zomato Book, our point-of-sale system Zomato Base, and rolling out our Whitelabel platform across geographies.” Umesh Hora, CFO, Zomato wrote on the company blog.
Last week, Zomato had announced strategic investments in Gurgaon-based Pickingo, and Mumbai-based Grab, both hyper-local delivery players, to enable last-mile delivery for restaurants.
Founded in 2008, Zomato is headquartered in India, and employs over 3,000 people across 22 countries. Zomato provides detailed restaurant information such as menus, contact details, pictures, geocoded maps, and user reviews, for 1.4 million restaurants, and sees some 90 million visits on its website and mobile app.