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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In Depth
In 2024, quick commerce growth boomed. Players now eye the sweet spot of profitability
Akshita Toshniwal | December 26, 2024
With consumers looking at quick commerce players like Zepto, Blinkit, and Instamart for everything, from eggs to iPhones, the companies now aim for profitability and expansion.
News
Govt launches AI tools, ecommerce safety measures to boost consumer protection
Press Trust of India | December 24, 2024
Leading platforms, including Reliance Retail, Tata Sons and Zomato adopted a safety pledge as the government rolled out new consumer protection measures.
Funding
Aakash Chaudhry's Sparkl Edventure bags $4M from Rainmatter, Zomato's Deepinder Goyal
Akshita Toshniwal | December 23, 2024
Sparkl Edventure plans to use the funds for hiring teaching talent, building up tech infrastructure to harness AI and for brand building and marketing.
Daily Capsule
What’s behind Bitcoin’s rally in 2024; How India can unlock AI’s potential
Team YS | December 23, 2024
From a stormy start in January to shattering all-time records, in 2024, Bitcoin evolved from a speculative asset to being part of institutional portfolios, driven by regulatory approvals and a growing global investor audience.
Corporate
Startup IPOs in 2024: Private markets were cold but public markets were warm and welcoming
Thimmaya Poojary | December 20, 2024
2024 was a defining year for the Indian startup ecosystem with more than a dozen companies getting publicly listed, setting the stage for a promising 2025.
News
Zepto elevates Chai Point exec to CXO, Zepto Café as 10-minute deliveries take off
Akshita Toshniwal | December 19, 2024
Zepto doubles down on its focus on its Café offerings with elevation of Sharma to C-Suite as it looks to create QSR business in hand with its quick commerce operations.