• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
Thursday, July 10, 2025
  • Login
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
TechStory
No Result
View All Result
Home Business

Zomato story – the facts and the future !

by Dipti Gore
August 27, 2014
in Business, Startups, Tech
Reading Time: 3 mins read
1
Zomato story – the facts and the future !
TwitterWhatsappLinkedin

In the Indian startup industry which is still largely in the nascent phase, Zomato is one story that every Indian entrepreneur wants to emulate. Investors too who are otherwise mesmerized by the ecommerce startups look at Zomato as a company that has the ability to scale globally and create a world class product. Recently, Zomato was in the news for its acquisition of two more restaurant guides, Lunchtime and Obedovat, in the Czech Republic and Slovakia, respectively in August 2014.Zomato acquired these two companies for a total of $3.25 million as a part of its global expansion plans.

You might also like

Trump Unleashes New Tariffs, Sri Lanka Among Seven Nations Facing 30% US Duties

Starlink Clears Final Regulatory Hurdle, Poised for Launch in India

Nvidia Shatters Records with $4 Trillion Market Value Amidst AI Supremacy

Zomato1

Started in 2008 by Deepinder Goyal and Pankaj Chaddah, the company today is valued at $161 million (about 1000 cr). In this article we take a  look at some of the facts in the Zomato journey so far and try to look at what the future might look like for this company.

Facts and Figures

  1. The company has shown a very strong revenue growth over the years 2.5 CR(FY11-12), 11.38 CR(FY12-13), 30.6CR(FY13-14).
  2. The company is still in the investment phase and not been able to make any profits as yet. Operating profits recorded are -7.22 CR(FY11-12), -10.03 CR(FY12-13), -41.28 CR(FY13-14).The company is currently running on the money it has raised from investors.
  3. Zomatos five rounds of fundings have been as follows :- $ 1 million (August 2010), $3 million (Sep 2011), $2.3 million (Sep 2012), $ 10 million (Feb 2013), $37 million (Nov 2013)
  4. Info Edge has invested in Zomato in all the five stages, with Sequoia Capital joining in the last round.Info Edge now holds a stake of 50.1% in the company.
  5. After their latest acquisition in eastern Europe, Zomato now has a presence in 15 countries:the UK, the Czech Republic, Slovakia, UAE, South Africa, New Zealand, the Philippines, Portugal, Brazil, Chile, Turkey, Indonesia, Sri Lanka, and Qatar, and over 100 cities across India.
  6. It claims to provide information on 250,000 restaurants, and currently sees over 23 million monthly visits globally, across its web and mobile platforms.
  7. The company earns about 95% of its revenues from advertising by listed restaurants. Ad rates vary between Rs 5,000 and Rs 3 lakh a month, depending upon location, cuisine and other factors. Other revenue streams include revenues from ticketing and restaurant booking.

Why we believe the company is poised for strong growth

  1. A very clear focus -Zomato has targeted a niche market and has been able to successfully capture this market.Zomato has focused on building a simple to use yet effective product making its users come back again and again.With every acquisition Zomato is building a comprehensive product portfolio in its niche market. Even their latest acquisitions- Lunchtime and Obedovat – have strong business models that cater to the local market needs of discovery of lunch menus.
  2. Monetization of the mobile app- We know that we are very much in the mobile era today. Zomato receives a large part of traffic from its mobile app.Zomato’s mobile app has not been monetized as yet leaving a huge potential revenue stream unexplored. Zomato also plans to start charging its customers for table bookings from this year.
  3. New product line – In an attempt to give their customers a cash free experience, Zomato is coming up with a product which will allow users to pay restaurant bills through mobile application. They plan to launch the product within 3 months starting with India and UAE. Zomato recently added a social layer to restaurent discovery allowing its users to build networks of foodies they trust, provide and seek recommendations and chronicle their food-related experiences.
  4. Global expansion plans -Zomato is also looking to enter the Canadian market, after which it plans to focus on the holy grail of businesses – the North America market. They further plan to expand to Vietnam, Jordan, Kuwait, Saudi Arabia and Ireland.
  5. A very strong team -Zomato has a very  interesting way of hiring employees to capture newer geographies. It invites ex-entrepreneurs to build business from scratch. These candidates are then allowed to spend an all expense paid week at Zomato’s Delhi office and work with the company’s team on real, live projects . If things work out well, they are hired. This has allowed Zomato to build a very strong team with an entrepreneurial mindset.
Tweet54SendShare15
Previous Post

10times.com – Reinventing the events discovery experience in over 140 countries !

Next Post

Companies of the future – Mu Sigma – The masters of data analytics

Dipti Gore

Recommended For You

Trump Unleashes New Tariffs, Sri Lanka Among Seven Nations Facing 30% US Duties

by Anochie Esther
July 10, 2025
0
NRIs

US President Donald Trump on Wednesday, July 9, 2025, announced a fresh wave of tariff demand letters, signaling a renewed and assertive push in his administration's trade policy....

Read more

Starlink Clears Final Regulatory Hurdle, Poised for Launch in India

by Anochie Esther
July 10, 2025
0
Starlink

After years of anticipation and navigating a complex regulatory landscape, Elon Musk's satellite internet venture, Starlink, has finally received the definitive green light to launch commercial operations in...

Read more

Nvidia Shatters Records with $4 Trillion Market Value Amidst AI Supremacy

by Anochie Esther
July 10, 2025
0
Nvidia

Nvidia, the undisputed leader in graphics processing units (GPUs) and a pivotal force in the artificial intelligence (AI) revolution, achieved a historic milestone on Wednesday, July 9, 2025....

Read more
Next Post
Companies of the future – Mu Sigma – The masters of data analytics

Companies of the future – Mu Sigma – The masters of data analytics

Please login to join discussion

Techstory

Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at [email protected]

Advertise With Us

Reach out at - [email protected]

BROWSE BY TAG

#Crypto #howto 2024 acquisition AI amazon Apple bitcoin Business China cryptocurrency e-commerce electric vehicles Elon Musk Ethereum facebook flipkart funding Gaming Google India Instagram Investment ios iPhone IPO Market Markets Meta Microsoft News NFT samsung Social Media SpaceX startup startups tech technology Tesla TikTok trend trending twitter US

© 2024 Techstory.in

No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to

© 2024 Techstory.in

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?