Story of Zomato
Zomato is Indian restaurant discovery and food delivery startup and now listed in BSE & NSE both major stock exchanges, Zomato is successful but the journey is not easy as sounds lets see how it stated and become one of the most successful startup in Indian startup ecosystem.
foodie bay then name of zomato is started in 2008 in delhi then expanded to mumbai and Kolkata. in 2010 Foodie bay is rebranded as ” Zomato ” to more bewitching, simple to memorize and also to eliminate the confusion with the eCommerce website eBay.
Zomato founders are both IIT graduates and was working as analysts at Bain and Company. after the starting up In a matter of just nine months, FoodieBay became the largest restaurant directory in Delhi NCR.
With support from its investors and multiple rounds of consecutive funding, Zomato built not only its valuation but also an interesting portfolio of investors which includes Info Edge India, Sequoia, Vy Capital, Singapore-based investment firm Temasek, and Alibaba’s Ant Financial. Ant Financial’s $200 Mn investment earlier this year led Zomato to cross the $1 Bn valuation.