Zomato raises $37 million in fresh funding

Zomato, a web-based restaurant search engine in India, said on Wednesday it had raised $37 million from Sequoia Capital and Info Edge India Ltd to fund its expansion in overseas markets.

Info Edge, which is an existing investor in Zomato, said in a separate filing to the stock exchanges that it had invested Rs. 57 crore in Zomato in the latest round.

Info Edge said its cumulative investment in Zomato reached Rs. 143 crore, giving it a 50.1 percent stake of the company.