Online restaurant search site, Zomato has announced a fresh infusion of US$ 60 million led by Singapore based new investors Temasek Holdings, and existing investors Vy Capital.
As per the Zomato, the investment will be used in new businesses, such as online ordering, table reservations, cashless payments, point-of-sale, and our newly launched Whitelabel platform.
Zomato is also planning to launch its online ordering services in Australia and South Africa. Company also confirmed that over the next few months, they’ll be launching table reservations service Zomato Book, point-of-sale system Zomato Base, and rolling out Whitelabel platform across geographies.
Since its launch in 2008, Zomato has raised US$ 225 million in eight rounds of funding from four of its investors i.e. Sequoia capital, Info Edge (india) Ltd, Vy Capital and Temasek.
Zomato also launched Whitelabel, a platform that enables restaurants to launch custom-branded native mobile apps, and bridge the gap between them and their customers.
With this new platform, restaurants will be able to launch market-ready apps in a matter of weeks with absolutely no technical knowledge required.
In January this year, Zomato has acquired Turkey based Mekanist and US based Urbanspoon. December last year, they have acquired Italy based restaurant discovery service provider Cibando.