India-based restaurant search engine Zomato has raised a $50m series F round from investors including e-commerce company Info Edge, the Hindu Business Line reported on Friday.
Info Edge invested Rs 1.55bn ($24.8m) of the money, having previously led Zomato’s $60m series E round in November 2014, and will retain a 50.1% stake.
Zomato has not disclosed whether the remaining money was invested by Vy Capital and Sequoia Capital, both of which took part in the series E round.
The company had originally hoped to close a $100m series F round by the end of February, acccording to reports at the start of this year. It has attracted approximately $165m in funding to date, with Info Edge having provided $77.4m, first investing in Zomato’s 2008 seed round.
Zomato’s website and app enable customers to find local restaurants, read menus and write reviews.
The series F funding will be used to further expand Zomato’s global footprint. The company agreed in January 2015 to acquire its US-based rival Urbanspoon, owned by internet holding company IAC, for between $50m and $60m.