Zomato (NSE: ZOMATO) provides an online food and lifestyle portal for ratings and reviewing restaurants. The platform connects customers, restaurant partners, and delivery partners, serving their multiple needs. It allows customers to use the platform to search and discover restaurants, read and write customer-generated reviews, view and upload photos, order food delivery, book a table, and make payments while dining out at restaurants. It was formerly known as FoodieBay. Zomato was founded in 2008 and is based in New Delhi, India.
ESPs containing Zomato
The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.
The on-demand restaurant delivery market is a segment of the food delivery industry that facilitates on-demand delivery of restaurant meals to customers through a mobile application or website. On-demand restaurant delivery services enable restaurants to deliver food directly to customers' doorstep. This is a high growth market that is driven by the increasing demand for convenient and time-saving…
Research containing Zomato
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CB Insights Intelligence Analysts have mentioned Zomato in 2 CB Insights research briefs, most recently on Jun 28, 2022.
Expert Collections containing Zomato
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Zomato is included in 1 Expert Collection, including Food & Meal Delivery.
Food & Meal Delivery
Startups and tech companies offering online grocery, food, beverage, and meal delivery services.
Latest Zomato News
Feb 25, 2024
Swiggy Prepares for IPO: Changes Name Ahead of Listing Views: 0 In anticipation of its upcoming initial public offering (IPO), Swiggy is undergoing a significant change – the food delivery giant is altering its registered name from Bundl Technologies Private Limited to Swiggy Private Limited. This decision, passed by shareholders earlier this month, aims to align the company’s corporate identity more closely with its core brand, ‘Swiggy.’ Strategic Name Change The resolution to change the company’s name reflects management’s belief that this adjustment will enhance the proximity and identification of the corporate name with the Swiggy brand. Pending approval from the Registrar of Companies (RoC), this change will enable Swiggy to trade under its renowned brand name on stock exchanges. IPO Preparations in Full Swing Swiggy’s name change is part of its comprehensive preparations for its much-anticipated IPO, slated for later this year. To bolster its board of directors, the company appointed Anand Kripalu, former managing director and global CEO of Essel Propack Ltd, as an independent director and chairperson in December. Additionally, last year saw the appointment of three new independent directors: Sahil Barua, Mallika Srinivasan, and Shailesh Haribhakti. However, Srinivasan recently resigned from her position as an independent director. Financial Outlook and Market Competition Despite facing competition from Zomato and government-backed initiatives like the Open Network for Digital Commerce (ONDC), Swiggy remains a dominant player in India’s food delivery market. In FY23, the company reported a net loss of INR 4,179.3 Cr, with operating revenue exceeding INR 8,264.4 Cr, driven by the expansion of its quick commerce vertical. IPO Speculations With an expected IPO size of $1 Bn (INR 8,300 Cr), Swiggy’s public offering is anticipated to be one of the largest IPOs of a new-age tech company. Backed by investors like SoftBank, Prosus Ventures, and DST Global, Swiggy is poised to enter the stock market around mid-2024.
Zomato Frequently Asked Questions (FAQ)
When was Zomato founded?
Zomato was founded in 2008.
Where is Zomato's headquarters?
Zomato's headquarters is located at GF-12A, 9A Meghdoot, Nehru Place, New Delhi.
What is Zomato's latest funding round?
Zomato's latest funding round is PIPE - II.
How much did Zomato raise?
Zomato raised a total of $1.328B.
Who are the investors of Zomato?
Investors of Zomato include Temasek, Fidelity Investments, ICICI Prudential Life Insurance Company, Tiger Global Management, Kora Management and 20 more.
Who are Zomato's competitors?
Competitors of Zomato include Rebel Foods, Dunzo, Cookr, Dot, DineOut and 7 more.
Compare Zomato to Competitors
Swiggy operates as an on-demand delivery platform in the food service industry. The company's main service is providing a platform for customers to order food online from various restaurants. Swiggy primarily serves the food delivery industry. It was founded in 2014 and is based in Bengaluru, India.
Zepto provides grocery delivery services. It offers fruits and vegetables, cleaning essentials, home needs, electricals and accessories, makeup and beauty, and more. It was formerly known as KiranaKart. It was founded in 2021 and is based in Mumbai, India.
FreshMenu is a food delivery company operating in the food and beverage industry. The company offers a variety of cuisines for home delivery, including Chinese, Continental, and Mexican food. The food is prepared by in-house chefs and delivered fresh to customers' doorsteps. It was founded in 2014 and is based in Bengaluru, India.
InnerChef is a ready-to-cook meals delivery service. The company offers meals in two formats: ready-to-eat and ready-to-cook. It provides a selection of European, Mediterranean, and modern Indian dishes on its menu.
EatClub Brands operates as a food technology company specializing in on-demand food ordering and delivery. It offers BOX8, a cloud kitchen service delivering meals through 150 kitchens. It was founded in 2012 and is based in Mumbai, India.
Rebel Foods operates a chain of online restaurants. It offers cloud kitchen facilities to food brands and connects food brands with customers. The company was formerly known as Faasos. It was founded in 2011 and is based in Mumbai, India.