Indian Economy News

Zomato goes to Chile; plans Rs. 12-cr expansion

Mumbai: Online restaurant discovery portal Zomato has launched its service in Chile and plans to invest around Rs. 12 crore to expand its services across other South American nations.

With the launch of Chile, the New Delhi-based portal is now present in 13 countries, including UAE, South Africa, the Philippines and Indonesia. Deepinder Goyal, Founder, Zomato, said the company already has a sizeable team in Santiago, and is in the process of growing it further. Goyal said that with its rich dining culture and high internet and smartphone penetration, Chile is a very promising market for the company.

The India-born restaurant discovery service is one of the few start-ups that has gone global in a very short span of timeIn October 2013, Zomato raised $37 million from Sequoia Capital and Info Edge Ltd, at a valuation of $161 million.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.

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