Zomato secures $37m from Sequoia Capital, Info Edge


restaurant_lrgIndian restaurant listing website Zomato has raised $37m in a funding round backed by Sequoia Capital and Info Edge to finance its international expansion.

The company also said that it has now expanded its services into new markets including Brazil, Turkey, Indonesia and strengthened its presence in South Africa and the UK by launching in Durban, Glasgow and Edinburgh.

Sequoia managing director Mohit Bhatnagar said, “We have been championing the cause of Indian companies globalising at a rapid pace. Many of our services and enterprise software investments are already global category leaders.

“Zomato is the first Indian consumer Internet company to build a significant international footprint, and we have made this investment because of our strong conviction in the founders, the world-class product they’ve built, and their ambitious global vision.”

Sequoia’s other recent deals in India included an investment in Indian maternity and infant care provider Cloudnine, which raised a $16.3m round last week.

Copyright © 2013 AltAssets