Skip to main content

Featured

Sharp celebrates its 110 years of transforming lives

Sharp Corporation celebrates its 110 th year anniversary. In its celebration, Sharp has introduced a new management system to realize transformation to give emphasis on Environmental, Social, and Governance (ESG) and raise its social value and revitalize its brand for sustainable growth. Its introduction of ESG shows the companies’ vision of providing better health, sustainable environment, and innovative solutions for the people while providing a conducive environment to grow. On September 15, Sharp Corporation (hereinafter “Sharp”) commemorates its 110th anniversary. It started when Founder Tokuji Hayakawa established a metalworking shop in Tokyo on this day 110 years ago in 1912. Later he invented the “Ever Ready Sharp Pencil,” a twist-type mechanical pencil that would later become the origin of the corporate brand.  Sharp is a worldwide developer of innovative products and core technologies that play a key role in shaping the future of electronics. Sharp sets its business vision a

Zomato raises USD 60 million from Temasek and Vy Capital

7th September, 2015: Zomato, the restaurant search and discovery app, announced today that it has raised USD 60 million in a fresh round of funding that is being led by Singapore investment company, Temasek with participation from existing investor Vy Capital and will use the investment to further grow its new business verticals. This takes Zomato’s total funding to ~USD 225 million - it comes from a close set of only four investors - Info Edge, Sequoia India, Vy Capital, and now Temasek.

Founded in 2008, Zomato is headquartered in India, and employs over 3000 people across 22 countries. Available on web and mobile, Zomato provides detailed restaurant information such as menus, contact details, pictures, geocoded maps, and user reviews, for 1.4 million restaurants. Zomato sees over 90 million visits across its web and mobile platforms every month.

Just last week, Zomato made strategic investments in Gurgaon-based Pickingo, and Mumbai-based Grab, both hyperlocal delivery players, to enable last-mile delivery for restaurants including dine-in-only restaurants that don't otherwise deliver.

Deepinder Goyal, Founder and CEO of Zomato, said, “We will use this round to make investments in our new businesses such as online ordering, table reservations, point of sales, and our newly launched Whitelabel platform. With this round, and with some of our markets turning profitable recently, Zomato is well capitalised for at least two years. We are also stoked to have Temasek partner with us, and are looking forward to building one of the largest food-tech companies in the world.”

Earlier today, Zomato also announced the launch of its Whitelabel Platform (zomato.com/whitelabel), a full suite of technologies for restaurants to run their business on the internet. The key feature on the platform is the ability for restaurants to launch custom-branded native mobile apps to help them connect with and engage their customers, and operate at internet scale.

About Zomato
Zomato is a restaurant search and discovery app, providing in-depth information for over 1.4 million restaurants across 22 countries. Zomato's core content features include restaurant information such as scanned menus and photos, sourced by its massive feet-on-street team across cities it is present in globally. Users can rate and review restaurants, as well as create their own personal network of foodies for trusted recommendations.

In addition to restaurant search and discovery, Zomato has expanded its offering to include in-app Cashless PaymentsOnline Ordering,Table ReservationsWhitelabel Platform and a Point-of-Sale system, creating cutting-edge technology to connect restaurant businesses and customers in ways that will revolutionise the restaurant industry.



Comments

Popular Posts