Info Edge (India) Ltd, has invested an additional Rs 12.86 crore ($2.3 million) in Zomato Media Pvt Ltd that runs Zomato.com. This was announced by the company in its filing with BSE on 20th September 2012.
Zomato.com, which stated as foodiebay.com is one of the leading website providing restaurant reviews & ratings. The company was founded by IIT Delhi alumni Deepinder Goyal and Pankaj Chaddah in 2008. The company has earlier received two rounds of investment by Info Edge.
The company is on its way to go international and has recently launched Dubai section on Zomato.com. While the company is looking for more roll outs across key locations, it appears that the funds would surely support going global plans.
Info Edge India Ltd, well known for its flagship and market leading job portal Naukri.com, has in last few years invested in a number of Internet ventures – 99labels.com (fashion flash sale website), mydala.com (deals and coupons portal), policybazaar.com (online insurance), meritnation.com (education), canvera.com (digital photography), and floost.com (content).
Info Edge, also owns leading web properties – Naukri.com, firstnaukri.com, Naukrigulf.com, Quadranglesearch.com, Brijj.com, 99acres.com, jeewansathi.com, shiksha.com.