| Online restaurant review and food ordering platform Zomato is in advanced stages of talks with Singapore's Temasek Holdings for raising fresh funds to the tune of $60-80 million, sources told TOI. "The final details of the deal are being worked out," a person close to the development said.
Zomato will use the fresh funds to enter into food delivery business in India by enabling the last-mile delivery mechanism and to expand its global operations in new geographies such as Europe, South East Asia and Latin America. Part of it would also be utilised to take on Zomato's biggest competitor in the US — Yelp...............................................Full Article: Source
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