Zomato to raise up to $600 mn in new funding round next month: CEO Goyal

Online restaurant guide and food ordering platform Zomato is looking to raise up to $600 million (around Rs 4,276 crore) next month in a new funding round, Zomato founder and CEO Deepinder Goyal said on Friday.

The company is making all efforts to achieve its mission, ‘Better Food for Everyone’, he added.

“We are going to raise $500-600 million next month or so,” Goyal said adding that good companies can raise money in hard times or good times. He was speaking at the Hindustan Times Leadership Summit here.

On the journey of Zomato, Goyal said: “We started very small. We started 11 years ago and we are now present in 550 cities in India and we serve around 48 million people every month.”