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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Union Budget
EV sector powers up pre-budget expectations: Industry seeks funds, subsidies for charging infra
Sai Keerthi | January 22, 2025
Industry experts are awaiting a uniform 5% tax across electric vehicles, components, and charging infrastructure to reduce costs of vehicles.
FoodTech
Zomato, Swiggy see significant fall in share prices
Thimmaya Poojary | January 21, 2025
The fall in share prices of the food delivery and quick commerce companies, particularly Zomato, can be attributed to its lower-than-expected profit numbers.
Funding
SamVed launches $50M fund for early-stage Indian tech startups
Thimmaya Poojary | January 21, 2025
The US incorporated VC firm will primarily target startups in their early stages, with investments ranging from $80K–$120K, and will also provide larger investments from $250K–$1M for pre-Series A rounds.
Daily Capsule
What hurt Zomato’s profits in Q3; ZEVO’s EV logistics ambitions
Team YS | January 21, 2025
Zomato's revenue from operations was up 64.35% to Rs 5,405 crore in the third quarter of the financial year 2024-25, against Rs 3,288 crore in the same quarter of the previous year, according to a BSE filing.
News
ZEVO eyes first-mile and mid-mile delivery after conquering last-mile EV logistics
Sai Keerthi | January 21, 2025
The startup recently clocked in Rs 60 crore in annual recurring revenue, and is targeting Rs 300 crore in ARR by the next financial year.
Funding
Office space management firm Workie bags Rs 13 Cr in equity funding
Bhuvana Kamath | January 20, 2025
The funding round was led by prominent backers, including the Sunil Singhania Family Office, NAV Capital, Mr. Raman Roy (Co-founder of Indian Angel Network and CMD of Quatrro), Dharmendra Jain (CFO of Yash Technologies), Gaurav Singhvi (Co-founder of Wefounder
Announcement
Zomato profits dragged down 57% amid ‘broad-based demand slowdown’
Anuj Suvarna | January 20, 2025
The Deepinder Goyal-led company reported a profit of Rs 59 crore for Q3 of the fiscal year 2025, a decline of 57.24% compared to Rs 138 crore in the same quarter of the previous financial year.
