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Sunday , 18 November 2018
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Zomato – Company Profile

Founded in 2008, Zomato is a leading platform for restaurant search & discovery, online food ordering, and restaurant table reservations. The company was founded by Deepinder Goyal and Pankaj Chaddah and is headquartered in Gurgaon (officially Gurugram). Zomato has been a pioneer in food ordering and restaurant discovery in India, which has benefitted both restaurants and customers.

Featuring a robust review system, Zomato allows foodies to find the best meals and restaurants in their neighborhood. A notable aspect about Zomato is that it is among the few companies that have gone global after starting operations in India. Zomato currently features more than 1 million restaurants globally on its platform.

History:

The story of Zomato started when the founders noticed that people did not even knew the restaurants that were functional in their neighborhood. The founders thought that it would be a great idea to list all the restaurants on the web and provide their menus as well. This idea eventually led to the launch of FoodieBay in 2008. The startup initially catered to the Delhi-NCR region and after the service gained popularity, the founders decided to implement the idea across the country.

The founders decided to go for a rebranding exercise, which led to the transformation of FoodieBay into Zomato in 2010. Since then, Zomato has expanded operations to several new locations in the country. It has also launched international operations and now covers more than 10,000 locations across 24 countries globally. Millions of people across the globe use Zomato every day to find the best places to dine in their neighborhood.

Funding:

Zomato has received investments worth $443.8 million through 10 rounds of funding. Top investors include Ant Financial, Sequoia Capital, Temasek Holdings, Info Edge, and Vy Capital.

Acquisitions:

Zomato has acquired several companies over the years; with the most notable being the acquisition of US based Urbanspoon in 2015. Other acquisitions made by Zomato include Obedovat, Menu Mania, Lunchtime, MapleGraph, Sparse Labs, Gastronauci, NexTable, Cibando, Mekanist, and Runnr.

Competition:

Zomato competes with other restaurant discovery and food delivery platforms such as Swiggy, Dineout, Grubhub, Yelp, DoorDash, JustDial, etc.

About the Founders:

Zomato was founded by Deepinder Goyal and Pankaj Chaddah, both of whom are from IIT, Delhi. Deepinder Goyal currently serves as the Chief Executive Officer (CEO) at Zomato. Prior to launching Zomato, he used to work at Bain & Company as a Senior Associate Consultant. Pankaj Chaddah is the co-founder and prior to launching Zomato, he had worked at Bain & Company as a Senior Analyst and Associate Consultant.

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