Zomato
Zomato Journey
Zomato's Founder and History
Zomato is a one of the largest food technology based platforms. It receive users orders by their platform and deliver it to the customer from the nearest hotel.
Its working process is very simple customers use its platform and place order for their desire food item.
After that it provide that particular order details to the hotel or restaurant which is nearest partner of Zomato's.
After that the delivery boy of Zomato's take that order from the respective hotel or restaurant and deliver it to the customer.
It founded in July, 2008 by two footboy Deepinder Goyal and Pankaj Chaddah who was working for Bain & Company that time.
Initially when it founded by its founder at Gurgaon, Haryana, India they started it as a platform for listing hotels and restraints which later become a food delivery network.
Every day Zomato deliver lakhs of food orders around the India.
Zomato's Unicorn Status
Year to year with the growth of Zomato's, it start becoming popular among customers as a food delivery network.
In the month of September, 2015 after 7 years of its foundation it achieve the status of Unicorn of India.
At the time when it become unicorn its valuation reported around 1 billions dollars.
The valuation of Zomato with its last funding was counting approximately 5.4 billions dollars.
Their are multiple peoples and organizations are their which become a reason of Zomato success, because they invest lot of money to Zomato when it was required.
Zomato's Investors
Some of the key peoples or organizations who invested in it includes Info Edge, Sequoia Capital, Vy Capital, Alibaba, Steadview Capital.
Their can multiple other investors who invested on it and investing on Zomato time to time.
Currently the Unicorn status of Zomato is Graduated Unicorn. This unicorn status is provided to those startups or business which initially started as private startup.
But it now it become a publicly listed company (which share now available to buy for general public).
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Zomato, a leading food tech company, has achieved a significant milestone by becoming the first new-age technology company to be included in the BSE Sensex. This inclusion marks a pivotal moment for the company as it replaces JSW Steel in the benchmark index. Zomato BSE Sensex The BSE Sensex, one of India’s oldest and most […]
“Zomato Food Giant Company Business Finance Head Hemal Jain Steps Down From Company”
Founded in July 2008 by Deepinder Goyal and Pankaj Chaddah, Zomato has emerged as the number one online food delivery company in India. Starting as a simple restaurant discovery platform, Zomato has transformed into a food-tech giant, connecting millions of users with restaurants and delivery partners across the country. Its success story is a testament […]
Zomato Dissolved Slovakian Subsidiary: Focusing on India Growth
In a strategic move, Zomato has dissolved its Slovakian subsidiary effective 12 July, 2024. This decision underscores Zomato focus to concentrate its operations mainly in market of India. The dissolution follows the company’s announcement last September about beginning the liquidation process of its Slovakian operations. This article delves into the implications of this move and […]
Zomato Launches New Feature: Lets Users Delete Past Orders
Recently Zomato has announced launches of a new feature, that allows customers to delete their past orders from their order history. This innovative addition is set to enhance user experience, providing more privacy and control over personal data. Zomato’s New Feature Explained Earlier this week, Zomato announced the rollout of a new feature enabling users […]
Zomato Shares Surge 5X in 2 Years, Hit Record High of INR 214
Zomato recently seen a surge of 5X in its shares which take its stock price to unprecedented heights. This rise in Zomato shares price help it to attract a significant attention in the market. In this article, we will delve into the factors contributing to this surge and what it means for the company’s future. […]
Zomato Ends Xtreme and Relaunches Legends Intercity Delivery
Zomato ends its ‘Xtreme’ delivery service and relaunching the ‘Legends’ intercity food delivery. This strategic move aims to enhance customer satisfaction and streamline their operations. End of the ‘Xtreme’ Delivery Service The ‘Xtreme’ app, which was launched in October last year, has been removed from the Google Play Store. Users attempting to access the app […]