ZOMATO PRIVATE LIMITED

COMPANY NAME ZOMATO PRIVATE LIMITED
NATURE OF BUSINESS FOOD DELIVIERY
ISIN NO INE758T01015
FACE VALUE Rs.10/-
PROMOTERS Deepinder Goyal, Mohit Gupta ,Gaurav Gupta
COMPANY WEBSITE www.zomato.com

Zomato Limited, also popularly known as Zomato, is an unlisted public company incorporated on 18 January, 2010. It is classified as a public limited company and is located in South Delhi, Delhi. It’s authorized share capital is INR 1,448.63 cr and the total paid-up capital is INR 666.10 cr. Our technology platform connects customers, restaurant partners and delivery partners, serving their multiple needs. Customers use our platform to search and discover restaurants, read and write customer generated reviews and view and upload photos, order food delivery, book a table and make payments while dining-out at restaurants. On the other hand, we provide restaurant partners with industry-specific marketing tools which enable them to engage and acquire customers to grow their business while also providing a reliable and efficient last mile delivery service. We also operate a one-stop procurement solution, Hyperpure, which supplies high quality ingredients and kitchen products to restaurant partners. We also provide our delivery partners with transparent and flexible earning opportunities.

Zomato is an Indian multinational restaurant aggregator and food delivery company founded by Pankaj Chaddah and Deepinder Goyal in 2008. Zomato provides information, menus and user-reviews of restaurants as well as food delivery options from partner restaurants in select cities. As of 2019, the service is available in 24 countries and in more than 10,000 cities Zomato was founded as Foodiebay in 2008, and was renamed Zomato on 18 January 2010 as Zomato Media Pvt. Ltd. In 2011, Zomato expanded across India to Delhi NCR, Mumbai, Bangalore, Chennai, Pune and Kolkata. In 2012, the company expanded operations internationally in several countries, including the United Arab Emirates, Sri Lanka, Qatar, the United Kingdom, the Philippines, and South Africa. In 2013, Zomato was launched in New Zealand, Turkey, Brazil and Indonesia, with its website and apps available In 2019, Zomato acquired Seattle-based food portal Urbanspoon, which led to the firm’s entry into the United States and Australia. This U.S.-expansion brought Zomato into direct competition with similar models such as Yelp and Foursquare. With the introduction of .xxx domains in 2011, Zomato also launched zomato.xxx, a site dedicated to food porn. In May 2012, it launched a print version of the website named “Citibank Zomato Restaurant Guide,” in collaboration with Citibank, but it has since been discontinued. In February 2017, Zomato announced plans to launch Zomato Infrastructure services, a service to help restaurants expand their presence without incurring any fixed costs. In September 2017, Zomato claimed the company had “turned profitable” in all 24 countries where it operated and introduced a “zero-commission model” for partner restaurants. Zomato narrowed down its losses by 34% to ₹389 crore] for the financial year 2016–17, from ₹590.1 crore In September 2019, Zomato fired almost 10% of its workforce (540 people) tending to back-end activities like customer service, merchant and delivery partner support functions. In April 2020, due to rising demand for online groceries amid the COVID-19 pandemic, Zomato launched its grocery delivery services named Zomato Market in 80+ cities across India. In April 2020, Zomato introduced Contactless Dining to get ready for a post-lockdown world. Through this initiative, the company aims to minimize customer contact with anything that someone else might have touched, by eliminating the use of high-touch elements such as the menu, ordering, and bill payments through bar codes or the app while the staff will wear masks. In May 2020, Zomato further laid off 520 employees due to the COVID-19 pandemic. Despite the fact that demand for services delivering food from restaurants and takeaways surged, Zomato’s nominal reasoning for needing cuts is that coronavirus will be followed by an economic downturn, which could hit orders. In September 2020, Zomato raised $62 million from Temasek, after previously committed capitol from Ant Financial never came through. In October 2020, as part of a Series J round of funding, Zomato raised $52 million from Kora, a US-based Investment firm. In February 2021, Zomato raised US$250 million from five investors, including Tiger Global Management, at a valuation of US$5.4 billion.

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