The other regions are UAE, Lebanon, Qatar, Philippines and Indonesia, Zomato said in a statement.

It had started operations in India in 2008 had expanded to Dubai as its first international foray four years later. In the last three years, Zomato has expanded its operations to 23 countries.

"We are profitable in 6 of 18 markets, we are the market leaders in," said Zomato Founder & CEO Deepinder Goyal said

Zomato Co-Founder Pankaj Chaddah said: "We can now channelise the profits to grow faster and compete harder in countries where we see significant competition."

The company would now focus on doubling the growth and defending its turf in the markets where it is strong, he said, adding that 22 per cent of its traffic and 35 per cent of its revenues come from India.

It has raised USD 225 million till date. Zomato has made eight overseas acquisitions, including Urbanspoon in January 2015, in various countries.

Latest News  from Business News Desk