Gurugram-based food delivery-focused startup, Zomato, raises a new investment round worth $195 million.
The startup provides a website and mobile app based on the food and beverage sector. Customers can use the digital platform for food delivery services, to look up new restaurants, browse menus and read reviews, among other services.
Since the startup’s founding, Zomato has raised total funding worth upwards of $1.2 billion, and is now worth approximately $3.6 billion, as reported by Livemint. The company was founded in 2008 by Deepinder Goyal, Gaurav Gupta and Pankaj Chaddah.
The company has previously acquired the Indian sector of food delivery company, Uber Eats, as well as other startups, including NexTable, Inc, Runnr, Urbanspoon and Mekanist, among others
In the wake of the Covid-19 pandemic, the company expanded its services to deliver groceries and alcohol, in addition to its pre-existing services. The company has a presence in over 10,000 cities in 24 countries, so far, according to the startup’s website.
Investors in the current round include Luxor Capital Group, Kora Management LP, Mirae Asset, Steadview Capital, Bow Wave Management Capital and Baillie Gifford.
Previous investors in the food delivery startup include Tiger Global and Temasek Holdings, among others.
(Picture courtesy: DNA India)