India-based classifieds company backs local restaurant review company Zomato again, taking its stake in the company to 48.5%.
Indian classifieds and advertising company Info Edge has upped its holding in the restaurant review site Zomato.com in by investing $2.3m in the latest round of funding.
Info Edge, runs the recruitment site Naukri.com and other classifieds such as the matrimonial site Jeevansathi.com and real estate portal 99acres.com, has increased its stake – from an original investment of $47m in June 2010 – in Zomato Media, that runs Zomato.com, a site providing restaurant reviews.
This round of investment sees Info…
