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Restaurant-discovery startup Zomato has raised a US$60-million round of funding from new investors Temasek Holdings, and existing investors Vy Capital. The capital injection will help the India-headquartered company to introduce more of its product features and services to some of the 20 countries it operates in.
In a blog post, Zomato’s CFO Umesh Hora writes that some of these new businesses include online ordering, table reservations, cashless payments, point-of-sale, as well as its newly launched white-label platform.
Hora adds that the company will roll out online food ordering services in Australia and South Africa soon:
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. Just last week, we launched our online ordering services in the UAE, and will soon be rolling it out to Australia and South Africa.
Earlier today Zomato also announced its white-label platform for restaurants to enable restaurants to build their own custom-branded mobile apps.
Last time we heard about Zomato, the company raised another US$60-million and boasted 300% growth in revenue.
“There are exciting days ahead as we work towards building one of the largest food-tech companies in the world – we’ll get right back to it after a sip of coffee,” the CFO concludes.