Zomato is a food ordering and delivery company that provides food services solution restaurant and discovery service founded in 2008 by Deepinder Goyal and Pankaj Chaddah. It currently operates in 24 countries. It gives information and reviews on restaurants, including images of menus where the restaurant does not have its own website.
Zomato was founded on July 2008, in DLF Phase V, Gurgaon, Haryana, India, and the founder Deepinder Goyal and Pankaj Chaddah. It runs in 24 Countries and more than 4300+ employees in India and claims to aggregate about 1.2 million restaurants. It claims to have about 120 million user visit.
Pankaj Chaddah. CO-founder of Zomato
The restaurant search and discovery platform started its operations under the name, Foodiebay. In November 2010, the brand has changed the name as Zomato.
By 2011, Zomato launched in Bengaluru, Pune, Chennai, Hyderabad, Delhi
In September 2012, Zomato expanded into the leading overseas market as United Arab Emirates, Sri Lanka, Qatar, the United Kingdom, the Philippines, and South Africa. In 2013, the company launched in New Zealand, Turkey, Brazil
Zomato narrowed down its losses by 34% to ₹389 Crore for the financial year 2016-17, from Rs 590.1 Cr crore in the previous year 2015-16.
Zomato operates in 24 Countries in the world. The include Such as Australia, Brazil, Canada, Chile, Czech Republic, India, Indonesia, Ireland, Italy, Lebanon, Malaysia, New Zealand, Philippines, Poland, Portugal, Qatar, Singapore, Slovakia, South Africa, Sri Lanka, Turkey, UAE, United Kingdom, United States.
In 2015, Zomato is available in 17 cities and one can hope that this number will also go up. Launched in May 2015, the current cities include Delhi, Mumbai, Bengaluru, Hyderabad, Chennai, Kolkata, Pune, Kochi, Jaipur, Ahmedabad, Chandigarh, Indore, Coimbatore, Vadodara, Nagpur, Lucknow, and Ludhiana.
NOW, Zomato expands operations to 25 new Cities in India. These cities are: Trivandrum, Vijayawada, Raipur, Madurai, Jodhpur, Thrissur, Ajmer, Manali, Alappuzha, Gorakhpur, Ooty, Kota, Kanpur, Allahabad Manipal, Dharamshala, Jammu, Haridwar, Jalandhar, Rishikesh, Mussoorie, Udupi, Cuttack, Shimla, Palakkad, Pushkar and Srinagar
Zomato competes with online many other delivery services providers like Swiggy, Box8, UberEats, foodPanda, Dineout, etc.
IN Between 2010-13, Zomato raised approximately US$16.7 million from Info Edge India, giving them a 57.9% stake in Zomato. In November 2013, it raised an additional US$37 million from Sequoia Capital and Info Edge India.
In November 2014, Zomato completed another round of funding of US$60 million at a post-money valuation of ~US$660 million. This round of funding was being led jointly by Info Edge India and Vy Capital, with participation from Sequoia Capital.
In October 2018, Zomato raised $210 million from Alibaba’s payment affiliate Ant Financial. Ant Financial received an ownership stake of over 10% of the company as part of the round, which valued Zomato at around $2 billion. Zomato had also raised an additional $150 million also from Ant Financial earlier in 2018.
Zomato has acquired 12 startups globally.
In September 2014, Zomato acquired Poland-based restaurant search service Gastronauci for an not disclosed sum. Three months later, it got an Italian restaurant search service Cibando.
In September 2018, Zomato acquired Bengaluru-based food e-marketplace TongueStun Food for about $18 million in a cash and stock deal.
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