Indian restaurant search service Zomato just raised $60 million from Info Edge, Vy Capital and Sequoia Capital. The company will use the money to develop new products and, more importantly, to expand its global presence.
Valued at $660 million, Zomato is not as big as Indian e-commerce heavyweights such as Flipkart (valued at $7 billion) or Snapdeal (valued at $2 billion). But, Zomato—which has raised around $113 million so far—is one of those rare Indian startups that has a presence in many countries around the world.
The last 12 months have been quite eventful for the company’s global ambitions. It has acquired startups in New Zealand, Czech Republic, Slovakia in the last three months. In October, Zomato started its operations in Canada, where it would be competing with business ratings and reviews website Yelp.
The company has presence in 18 countries as of now. Here is a map that shows Zomato’s rapid expansion around the world.
