Infoedge Invests Rs13.5Cr In Restaurant Directory Portal:Zomato
Infoedge is investing an additional Rs.13.5Cr in Zomato.com. This is Infoedge's second round of investment in Zomato. It had earlier invested Rs4.7Cr in Zomato's first round of funding.
Zomato (previously known as Foodiebay) is operated Deepinder Goyal's DC Foodiebay Online Services Pvt. Ltd. It is restaurant directory portal in India.
It currently serves Ten major cities in India – Mumbai, Delhi NCR, Kolkata, Bangalore, Pune, Chennai, Hyderabad, Ahmedabad ,Jaipur & Chandigarh. The website currently lists over 10,000 restaurants and featured menus for restaurants listed on the website.
Transaction Reference: EquityBulls
This is Infoedge's fourth investment this year. It invested Rs.15.7 Cr ($3.5 Mn) in Ninety Nine Labels Pvt. Ltd, which runs 99Labels.com, an online private sales portal.
It also invested Rs.10 Cr in Etechaces Marketing and Consulting Pvt Ltd, which runs Policybazaar.com, a financial products comparison portal and Rs.9 Cr in Kinobeo Software Pvt Ltd, which runs group buying site MyDala.com.
Last year, Info Edge invested in Applect Learning Systems Pvt Ltd, which runs Meritnation.com and food guide and restaurant directory site Zomato.com, (formerly Foodiebay).
Info Edge owns and manages - Naukri.Com, Jeevansathi.Com, 99acres.Com, Shiksha.com apart from Quadrangle, an offline executive search firm and Naukri Gulf. Info Edge also owns Brijj.com, a professional networking site and Allcheckdeals.Com, a real estate brokerage firm.
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