Zomato
Zomato is a food delivery and restaurant hunting company launched in 2010 by Deepinder Goyal and Pankaj Chaddah. It is one of the key players in India’s food tech industry.
Having started in India, Zomato expanded internationally by gradually entering countries including the US, UK, UAE, Australia, and some in Europe and Asia. However, in November 2021, it stopped its services everywhere except India and the United Arab Emirates.
Zomato also launched its initial public offering (IPO) in July 2021 and was one of the largest in India’s tech sector. In 2022, Zomato acquired Blinkit for $550 million.
Zomato also has a platform called Hyperpure, which allows restaurants to purchase supplies ranging from condiments to veggies and eco-friendly packaging.
It also organises an annual carnival, Zomaland, which offers a variety of culinary experiences, with live performances by musicians and comedians.
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Daily Capsule
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Startup news and updates: Daily roundup (February 18, 2025)
Saranya Chakrapani | February 18, 2025
YourStory presents the daily news roundup from the Indian startup ecosystem and beyond. Here's the roundup for Tuesday, February 18, 2025.
Wine and Food
Chef Regi Mathew takes Kerala’s toddy shop culture to New York
Debolina Biswas | February 18, 2025
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FoodTech
Zomato productises customer support, launches an AI-powered platform ‘Nugget’
Abha Warrier | February 17, 2025
Nugget, the first product from Zomato Labs, can resolve up to 80% of queries autonomously, said founder Deepinder Goyal.
Daily Capsule
Burning billions in the 10-min delivery game; Plans for faster drone adoption
Team YS | February 14, 2025
Swiggy and Zomato lose $12 billion from their market caps as surging quick commerce investments spook investors. ideaForge aims to foster wider adoption of drone services. Bengaluru’s Agara Lake becomes a hub for startup stakeholders to walk, network and sip on kaapi.
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Fast, but furious: Quick commerce concerns burn billions from Zomato, Swiggy market caps
Akshita Toshniwal | February 13, 2025
Swiggy and Zomato lose a total $12 billion from their market caps as surging quick commerce investments and slowing growth in core food delivery business affect investor sentiment.