India-headquartered Zomato now employs more than 3,000 people across 22 countries, having launched in 2008. The business initially had a focus on web-based restaurant discovery across PCs and laptops, but as the founders revised their strategy, a renewed vision resulted in mobile discovery becoming a primary focus.The UK is one of the firm’s largest markets and earlier in the year Real Business spoke to Kimberly Hurd, CEO of Zomato UK, who told us about a company desire to “be the champion for independents and people who love food”. Hurd explained: “We created an exclude chains filter so you can avoid the noise. Around 2,000 restaurants per quarter shut down in London because most people don’t know where to go or how to find them.” Zomato has now secured $60m from Singapore-based investment firm Temasek and existing investor Vy Capital. Total funding is now at $225m and that’s from just four investors in total, with Infor Edge and Sequoia India the other two. In a bid to build on the 1.4 million eateries – and respective menus, locations, reviews, maps and contact details – listed on the service, as well as 90m visits each month, Zomato will use the capital to make the service even richer with the launch of new divisions.
Read more on the restaurant industry:
- Cobra Beer founder Lord Bilimoria fights to end weekly curry restaurant closures
- JUST EAT culls “bad online experience” restaurants as half-year revenue surges
- ASK-Zizzi owner acquires dining discount clubs Tastecard and Gourmet Society
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