Online and mobile restaurant search and discovery service, Zomato is reportedly in talks with private equity players for a fresh round of fund raising which could value the company at $1 billion, reports the Economic Times. 

According to the report, Zomato is in the process of raising $100-150 million from private equity players, the pre-money valuation is pegged at around $800 million and post the fund raise it could be close to $1 billion in valuations.

The report also said that existing investor Info Edge, which is looking at selling a part of its 51% stake in Zomato, could take advantage of the fresh valuations.  The company provides in-depth information for over 260,000 restaurants across 16 countries and continues to expand overseas at a scorching speed with four acquisitions in the last few months.  

In August 2014, Zomato acquired Lunchtime.cz and Obedovat.sk, the Czech Republic’s and Slovakia's most popular restaurant guides respectively, for a combined amount of USD 3.25 million.

Shortly before that, in July 2014, Zomato acquired MenuMania, the leading restaurant discovery service in New Zealand. The three acquisitions in the Czech Republic, Slovakia and Poland are strategic moves to establish Zomato’s presence as a leader in the restaurant discovery space in Central and Eastern Europe.

Recently it also acquired Gastronauci, Poland’s most popular restaurant search service.  

Zomato gets over 15 million visits across its web and mobile platforms every month and in the past one year alone, the traffic has grown by over 300 per cent. The company is revamping its model to start monetizing table bookings. Zomato is also looking at getting into cash-less payment at restaurants.