Zomato Closes $60 Mn Round From Temasek & Vy Capital

Zomato Closes $60 Mn Round From Temasek & Vy Capital

Zomato, today, has confirmed that it has raised $60 Mn in a new round of funding led by Temasek Holdings, and existing investors Vy Capital. The funds raised will be used for investing in Zomato’s new businesses, such as online ordering, table reservations, cashless payments, point-of-sale, and the newly launched Whitelabel platform, said company in a blogpost.

“More of our markets have turned profitable recently and we are well capitalised for the next two years, putting us in a great position to extend our business verticals to more global markets,” said the company.

Zomato had launched its online ordering services in the UAE, and will soon be rolling it out to Australia and South Africa. Over the next few months, it will be launching table reservations service Zomato Book, point-of-sale system Zomato Base, and will be rolling out Whitelabel platform across geographies.

The company has recently acquired minority stake in two hyperlocal delivery startups i.e. Gurgaon-based Pickingo and Mumbai-based Grab to strengthen its food ordering and delivery business.

Zomato had raised $60 Mn from Vy Capital, Info Edge and Sequoia Capital last year and about $50 Mn from Info Edge and few other investors in April this year. During the last fundraise, Zomato was said to be valued at over $1 Bn.


Welcome to Flash Feed, your essential source for breaking news and innovation from around the web – bite-sized and updated all day.


You have reached your limit of free stories
Become An Inc42 Plus Member

Become a Startup Insider in 2024 with Inc42 Plus. Join our exclusive community of 10,000+ founders, investors & operators and stay ahead in India’s startup & business economy.

2 YEAR PLAN
₹19999
₹7999
₹333/Month
Unlock 60% OFF
Cancel Anytime
1 YEAR PLAN
₹9999
₹4999
₹416/Month
Unlock 50% OFF
Cancel Anytime
Already A Member?
Discover Startups & Business Models

Unleash your potential by exploring unlimited articles, trackers, and playbooks. Identify the hottest startup deals, supercharge your innovation projects, and stay updated with expert curation.

Zomato Closes $60 Mn Round From Temasek & Vy Capital-Inc42 Media
How-To’s on Starting & Scaling Up

Empower yourself with comprehensive playbooks, expert analysis, and invaluable insights. Learn to validate ideas, acquire customers, secure funding, and navigate the journey to startup success.

Zomato Closes $60 Mn Round From Temasek & Vy Capital-Inc42 Media
Identify Trends & New Markets

Access 75+ in-depth reports on frontier industries. Gain exclusive market intelligence, understand market landscapes, and decode emerging trends to make informed decisions.

Zomato Closes $60 Mn Round From Temasek & Vy Capital-Inc42 Media
Track & Decode the Investment Landscape

Stay ahead with startup and funding trackers. Analyse investment strategies, profile successful investors, and keep track of upcoming funds, accelerators, and more.

Zomato Closes $60 Mn Round From Temasek & Vy Capital-Inc42 Media
Zomato Closes $60 Mn Round From Temasek & Vy Capital-Inc42 Media
You’re in Good company