The Story of Food Delivery App : Zomato

However, in Zomato’s decade of life, this changed into the most important rough spot the corporation in reality ever hit. The rest of the time, founder and CEO Deepinder Goyal and cofounder Pankaj Chaddah (who left Zomato in 2018) steadfastly hung on to the reins of the business enterprise and kept it at the direction  Startup Magazine of growth and expansion, making it India’s first foodtech unicorn.

 

While Zomato competes with Swiggy, UberEats and Ola-Foodpanda amongst others, the corporation still continues to innovate offerings and expand inside the manner it's been doing for the reason that day it all began.

 

Zomato kicked off basically as a rebranded model of the food directory offerings Foodiebay. Goyal and Chaddah, both IIT graduates and both working as analysts at Bain and Company back then, had commenced Foodiebay in 2008.

 

In a count number of just 9 months, FoodieBay became the most important restaurant directory in Delhi NCR. After  a success years, the company turned into rebranded Zomato and when you consider that then there was no looking returned.

 

With aid from its traders and more than one rounds of consecutive funding, Zomato constructed now not handiest its valuation however also an interesting portfolio of traders which includes Info Edge India, Sequoia, Vy Capital, Singapore-based totally funding company Temasek, and Alibaba’s Ant Financial. Ant Financial’s $two hundred Mn funding earlier this yr led Zomato to go the $1 Bn valuation.

 

Zomato’s short boom also can be attributed to its fast expansion to nations apart from India. Soon after its achievement in Delhi-NCR, the organization started branching out to towns like Pune, Ahmedabad, Bengaluru, Chennai, and Hyderabad.

 

By 2012, Zomato had started out increasing foreign places with the aid of extending its services to Sri Lanka, UAE, Qatar, South Africa, UK, and the Philippines. The yr 2013 noticed New Zealand, Turkey, and Brazil get added to its list.

 

During this time, Zomato also kept working on its tech backbone to match the growth in the phone trend and released its app. The company also started out aggressively obtaining foreign opposition to increase its foothold in other countries. In 2014, Zomato obtained Gastronauci, Poland’s eating place search service, and Cibando, an Italian eating place finder. The next yr, Zomato made its biggest acquisition — US-based on-line table reservation platform NexTable. Soon after, it acquired every other US-primarily based eating place directory, Urbanspoon, but had to shut the app within simply 5 months.

 

It was also in 2015 that Zomato, struggling with falling sales, completed its large layoff. The company, but, controlled to get something precise out of the yr by using obtaining MapleOS, which might permit it to make bigger its listing, database, and operations, and upload on line reservations and mobile invoice payment to its service portfolio.

The Story of Food Delivery App : Zomato

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