Gurgaon-based Zomato Media Pvt Ltd, which owns the restaurant and event-listing site Zomato.com, has reportedly raised a fresh round of funding worth $50 million led by Info Edge India, which has invested Rs. 1.55 billion. 

Info Edge India, which held 50.1% in the firm, has brought in half of the total to retain its majority shareholding, reports the Economic Times. Info Edge also operates job portal Naukri and property listings portal 99acres. 

"This round is to be used for immediate investments," a top company executive told the Economic Times. The same company executive added in the report that a bigger round is in the works and the company will make an announcement once that is closed. Sequoia Capital and hedge fund Vy Capital are among the investors that put in money in the Guragon-based company. 

The funding will be used to expand aggressively in the food delivery space, where it earlier said it plans to invest Rs 300 crore. Zomato is looking to bring over 10,000 restaurants on board its food delivery business in India over the next few months. The service is being piloted in over 2,000 restaurants in Delhi, Bengaluru and Mumbai. 

Meanwhile, the latest transaction takes Zomato’s total funding to over $163 million and comes barely five months after the firm attracted $60 million in a new round led jointly by Info Edge India and Vy Capital, with participation from Sequoia Capital. That transaction also included purchase of shares from certain unnamed existing shareholders and valued Zomato at $660 million (post-money).

Zomato had earlier raised $53 million from Info Edge (India) and Sequoia Capital over multiple rounds of funding. Info Edge itself has put in around Rs 484 crore in Zomato to date.

Over the past year, Zomato has acquired as many as seven companies. These acquisitions include MenuMania in New Zealand, Lunchtime (Czech Republic), Obedovat (Slovakia), Gastronauci (Poland), Cibando (Italy), Urbanspoon (US) and Mekanist (Turkey).

The largest of these was Urbanspoon, which also gave it an entry into the US market to face Yelp, the biggest player in the business. The firm acquired Urbanspoon for $52 million using bulk of the fresh money it got from the last funding round. In January 2015, we also reported that Zomato was looking to raise as much as $100 million more. Then in February, the company said that it will start taking orders for meals on behalf of restaurants listed on its portal. At the time, Deepinder Goyal, Founder & CEO, Zomato, had said "We are allocating $50 million to launch the online food ordering business. The service will also be launched overseas in the next few months."