Info Edge has committed to invest Rs 4.7 crores in Foodiebay, an online food guide and restaurant directory in India. This is the fourth investment as part of the Info Edge strategy to invest in internet start-ups. Foodiebay is currently present in 5 cities of the country and plans to use this investment for product development, marketing and to further increase their geographic footprint.Â
Foodiebay.com was launched by Deepinder Goyal, an IIT Delhi graduate and is an online food guide and restaurant directory of India. Foodiebay lists menus, prices and contact details of restaurants and also offers discount coupons to diners. It has its presence in Delhi NCR, Mumbai, Bangalore, Kolkata and Pune.Â
Vivek Khare, Senior Vice President Corporate Development, Info Edge commented, “Foodiebay is a start up with a young energetic management with great credentials. The space in which they are operating holds tremendous potential as a vastly scalable business.  With disposable incomes on the rise, and options of many cuisines consumers are increasingly looking at exploring new food options and Foodiebay will provide them a wide range of options”
Deepinder Goyal, Co-Founder and CEO, Foodiebay said, “We plan to use these funds to scale our operations and to develop the next generation of web, mobile and social products that will excite our users and also provide unique opportunities to the local business owners.”
