Zomato startup story

Food is the driving force for many and when we say 'many' then we mean so many people also comes first on the list with regard to our basic amenities well needless to say but waiting for food is something that's every foody hates. When they are hungry they need it right away while some get irritated waiting in queue to order food others just can't but keep calm till their turn comes. There are another a lot of people will find a solution to this eternal Christ and create a platform to do away with the hurdles to a happy meal. Deepinder Goyal and Pankaj Chadda are such names who have been successful in doing that and at the same time helping food lovers across the world reach out to their one and only soles that is food. If you did not get it right till now that let's unfold the mystery Today we are talking about the success story of food servants of Zomato and it won't be long if we say that this is the Google of food.

Zomato Success Story

Zomato founders

The thought build-up a brand like a Zomato came from pain and goals New Delhi office Deepinder Goyal was working as a senior associate consultant and Pankaj Chadda was working as a senior analyst at that time they are both graduates from IIT-Delhi and fine working for eBay they saw people lead for long hours in the food code to get a glance of the menu card, therefore, one the day they thought of finding a solution to this and the idea thought germinated in the form of food eBay they scanned copies of the menu and uploaded it on the company's private network soon the workers started using the power thus saving their time and successively, bringing traffic to the web site soon this intranet-based service was made public and the menu was no longer confined to the cafeteria but extended far and while the first restaurant menu they uploaded on their Portel but those belonging to HaujKhas in Delhi after Delhi, they cast their radar over major cities like Kolkata and Mumbai their services were used by thousands of users and the number has only multiplied ever since Foodi-eBay was getting recognition as services it was providing was unique prompting the founders to take this project to a plan India level it was then that they chose to revamp the name in order to make it more captivating and easy to remember and also to avoid any confusion with the popular website eBay and hence in November 2010 Foodiebay became to be known as Zomato a name that fits the belly perfectly with the extensive utility of this website to locate restaurants and scroll through the menu cards the builders of Zomato thought that they should make it easier for people to access it then assured in the thought of building a mobile application for this website so that people can benefit from it on the go right with the broadening of this idea the need for funding was felt and as usual, if you have a great idea with awesome founder funds just come in. Zomato interest its Sanjeev Chandani who is the founder of naukri.com as he applied to invest in the startup thus in 2010 he provided seed funding of 1 million dollars through his company Infoedge India. After this, there's no stopping to Zomato and Deepinder Goyal as in the next round of funding the same finances provided them with the fund of 3.5million dollars later in 2013 Zomato received developing ten million dollar funding from Infoedge India making it a holder of more than 50 percent stakes in the startup other investors of this enterprise include Sequoia Capital VY capital and Temasek. After that's made just kept receiving funding by now Zomato has raised total funding worth 225 million dollars with the injection of funding it company was now focusing on expansion plans while it was running successfully in Delhi NCR, Mumbai, Bangalore and Pune. Zomato launched coverage in other three major cities in India which includes, Hyderabad, Ahmedabad, and Chennai by 2011 moreover, later Zomato expanded their services in other countries it launched services in Dubai in September 2012 this triggered a series of expansions into Sri Lanka, the United Kingdom, Philippines, South Africa, New Zealand and Turkey with 90 million registered users.

Zomato is a platform where one can get in touch with foodies around the world taking advantage of these big restaurants place their ads on this website and this is how Zomato makes money another way in which this portal generates revenue is by the sale of tickets of food festivals. The journey to the top was not that easy for Zomato and Deepinder Goyal is the most important tasks the company had is to figure out how to cover all the streets in major cities so that the people who rely on them do not miss out on the best tea trees in the town this hurdle was there when Zomato was in its early stages and it still poses to be a challenge but the founders along with the team members up putting in all their efforts to make it better well recently when they launched their website in Dubai a co-founder Pankaj Chadda himself went out in the scorching heat of the summer to take up the details of the restaurants well even today the challenges faced Zomato is nothing less they went on an expansion spree in India without even analyzing if those markets are ready for it or no eventually they had to shut down their service in Lucknow, Kochi, Indore, and Coimbatore, however, within eight years of Zomato and vision the company has marked its presence in 22 countries and it's looking to expand to 40 countries by the end of 2016. Today Zomato is the only unicorn company to have broke even in several big markets across the world it now covers more than 1 million restaurants and receives over 25,000 orders every day well Zomato isn't no mood to retard its growth and is hoping to be at par with global players present across the world both Deepinder Goyal  and Pankaj Chadda are leaving no stones unturned and this is a reason behind the company's startling growth undoubtedly Zomato has evolved itself to be India's first global application and yet it does not wish to sit back and relax.

Our team wishes Zomato and their founders Deepinder Chadda and Pankaj Chadda All the very best for there future goals.

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