Zomato Becomes India's First E-Commerce to Break Even

The company announced that it had broken even in India and six other foreign countries, making the Indian e-commerce the first to achieve that milestone. Zomato, valued at over $1 billion, is going to start another funding round before becoming profitable by mid-2016.

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China's Baidu to invest in Indian e-comerrce startups

The top online search engine already had the initial discussions with the three Indian startups. Baidu seeks to expand to India due to growing online population and internet user.

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Zomato restaurant discovery acquired $60M funds; Introduces Whitelabel platform

Indian-based restaurant search app Zomato acquired $60M from Temasek Holdings and Vy Capital. The search app will use it to expand the business to other countries and to introduce other services like Zomato Whitelabel.

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Indian online real estate portal CommonFloor raises INR64 crore in funding

Bangalore, India-based online real estate portal CommonFloor secured INR64 crore in its fourth financing round from existing investors Accel Partners and Tiger Global, as confirmed by co-founder Sumit Jain.

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Zomato nabs USD37 million in Series D investment from Sequoia, other investors

Proceeds from Zomato's recent USD37 million funding would go towards business expansion in 22 countries, chief executive Deepinder Goyal told TechCrunch.

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