Online restaurant search and discovery service Zomato, which recently acquired U.S.-based rival Urbanspoon for about $60 million, is reportedly in talks to raise about $100 million in fresh funding, reports Reuters. 

The acquisition of Urbanspoon, which marks Zomato's entry into the United States, Canada and Australia, will result in its presence in 22 countries, covering more than one million restaurants.

"It's an all cash deal. We pretty much had to spend all our last round of funding on this and it's sort of a big deal for us," Zomato Chief Executive Deepinder Goyal told Reuters in a phone interview.

Zomato, backed by private equity investors including Sequoia Capital and India's Info Edge India Ltd, is reportedly talking to existing as well as new investors to raise around $100 million in the next 30 days, Goyal told Reuters. 

In November, it raised $60 million in a round led by Info Edge and Vy Capital, with participation from Sequoia Capital. Founded in 2008, Zomato is currently valued at around $660 million. The startup is likely to be valued at about $1 billion after completing the fresh round of investment, Goyal added.