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Teachable Moment With Kids: Needs vs Wants

My kids and I have a lot of bonding moments at home, especially now that we are in the second year of this pandemic. They have seen its effects, the limitations, and the people that have been due to the virus. This season is also a perfect time to teach the kids financial literacy since our business is affected during this pandemic. Since they were young, I started teaching them about money. As a parent, it is one of the primary life skills children must learn at home to manage their liquid assets properly. Even in their younger years, I let them use their piggy bank. Any coin that they get changes from the food they buy. They already keep it in their piggy banks.  But how soon must we teach our kids proper money management? As soon as my kid starts to count and recognize money and when they begin receiving monetary allowances, I should start teaching them the importance of money and how to manage it wisely. Before teaching our kids proper money management, they have to learn the diffe

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.



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