Restaurant Discovery Service Zomato Raises Further $60M — techcrunch.com

Zomato, the restaurant search and discovery service, has closed a further $60 million in funding, giving the company a post-money valuation of $660 million. Investment comes from India’s Vy Capital, and existing backers Info Edge, and Sequoia Capital. It takes total funding to over $113 million. “We will use the funding to go into hyper-drive on our key focus — driving leadership across more markets,” Zomato co-founder Pankaj Chaddah tells me. “We will also use a large part of this round to go after some key strategic acquisitions which will help us strengthen our market share across various countries.”

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