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Zomato likely to raise fresh funding of $80 million

NEW DELHI: Online restaurant listing guide  is likely to raise fresh funding of up to $80 million (Rs 490 crore) as it aims to recruit more people and expand business in two continents, including in the US where it will battle the might of Yelp, one of the world's largest restaurant listing guides.
The fresh infusion of capital from both new and existing investors will top up the $60 million (Rs 370 crore) received by the Gurgaon-based company — from majority owner Info Edge,  in November — and could be used to increase field staff in specific American cities and boost marketing spend in Australia ahead of the cricket World Cup starting in February.