Zomato Raises $2.3 Million from Info Edge; Plans to Expand Operations to Sharjah & Abu Dhabi

Info Edge (India) Ltd, has committed to invest $2.3 Million in Zomato.com. This is the third round of investment in Zomato which comes about a year after raising the second round. In September 2011, Info Edge (India) Ltd, invested INR 13.5 Cr ($3 Million) in Zomato.com before which in August 2010,  Zomato had raised the first round of INR 4.7 Cr ($1 Million).

Details of the previous investment can be found here

In a conversation with YourStory.in, Pankaj Chaddah, co-founder of Zomato shared details about the fund raise and plans for Zomato’s future.

Going International 

“With this fund, we aim to expand our operations to the middle east and south east Asia. Our initial focus is on Sharjah and Abu Dhabi. The middle east is showing great opportunities and internet penetration in the middle east is very good. We also have other parts of south Asia in our expansion plans,” said Pankaj, regarding the use of this fund.

With respect to business expansion plans, Pankaj clarified “our main focus will be on restaurants, cafe’s and nightlife. All our offerings are along these lines. Our recently launched events offering is also restaurant specific. We will definitely aim to expand operations in more cities within India itself, while expanding globally.”

Zomato also aims to expand the size of their 100+ team. “We are aggressively recruiting and we are looking at having a 200 – 220 person workforce.

Visit Zomato

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Raghu Mohan

Raghu Mohan

Raghu is an electronics engineer from Anna University who has a keen interest in mobility and consumer technology.He predominantly works on stories for tech entrepreneurs and startups. He is also an active member of the Bangalore Android User Group, a regular speaker at BarCamp Bangalore and is part of many other technology communities. You can follow him on Twitter @Raghum200