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Internet firm Info Edge invests Rs 155 crore in Zomato

Internet firm Info Edge India has invested Rs 155 crore in online restaurant guide Zomato, which would use the amount to further expand its business. “Info Edge (India), through its wholly owned subsidiary, has invested an amount of Rs 1.55 billion in Zomato, being Info Edge’s proportionate share of Zomato’s recent fund raise of $50 million,” Info Edge said in a statement. Upon completion of the allotment of shares, Info Edge’s aggregate investment in Zomato will be about Rs 484 crore.
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