Zomato to raise up to ₹4,276 crores in new funding round: CEO Deepinder Goyal

Zomato, Madurai, India, delivery boy, tampering of food packages, NewsMobile

Online restaurant aggregator Zomato is looking to raise up to USD 600 million (around 4,276 crores) next month in new funding round, its founder and CEO Deepinder Goyal said on Friday.

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

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“We are going to raise USD 500-600 million next month or so,” Goyal said adding that good companies can raise money in hard times or good times.

While speaking at an event in New Delhi, the founder recalled: “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.”

He also covered various issues concerning the business.

He said “We have 2,50,000 people that we hired in last 18 months.”

As you scale the big challenge is to ensure consistency and maintain quality. “We just have to ensure that we put the best foot forward all the time,” he added.

Talking about its decision of not discriminating on the basis of religion, Goyal said: “This is not the first time we have taken a stand for something that we believe in.”

In July, Zomato had refused to take into account a customer’s complaint about being assigned a Muslim delivery executive for the order.

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