Professional Documents
Culture Documents
Deepinder Goyal (born 26 January 1983) is the co-founder and CEO of Zomato, India’s largest
restaurant aggregator and meal delivery service. Along with India, Zomato is accessible in over
24 countries, including the UAE, Sri Lanka, Qatar, the United Kingdom, Indonesia, and many
more, and services over 10,000 cities.
In 2008, he and Pankaj Chaddah co-founded Zomato (formerly Foodiebay). Deepinder Goyal
will be 38 years old in 2021.
A new era began with the idea of Deepinder. Neither he nor his colleagues thought that their
idea would lead to one of the most popular food aggregate brands.
After their experiment and the feedback they received, they were forced to add more
restaurants to the list. At the end of the year, FoodieBay.com was launched in megacities such
as Kolkata and Mumbai. In 2010, his startup started serving customers in Pune and Bangalor
Investments
Between 2010 and 2013, Zomato raised approximately US$16.7 million from Info Edge across four
rounds; Info Edge held a 57.9% stake in Zomato in February 2013. In November 2013, Zomato
raised US$37 million from Sequoia Capital and Info Edge.
In November 2014, Zomato completed another round of funding of US$60 million at a post-money
valuation of ~US$660 million.This round of funding was being led jointly by Info Edge and Vy
Capital, with participation from Sequoia Capital.
In April 2015, Info Edge, Vy Capital and Sequoia Capital led another round of funding for US$50
million.This was followed by another US$60 million funding led by Temasek,
a Singapore government-owned investment company, along with Vy Capital in September.
In February 2018, Zomato became a unicorn startup after raising US$200 million from Ant
Financial at a valuation of US$1.1 billion.In October 2018, Zomato reported that it would raise an
additional $210 million from Ant Financial at a valuation of around $2 billion.
In September 2020, Zomato raised $62 million from Temasek, after previously committed
investment from Ant Financial did not come through. In October 2020, as part of a Series J round
of funding, Zomato raised $52 million from Kora, a US-based investment firm
Security breaches[edit]
On 4 June 2015, an Indian security researcher hacked the Zomato website and gained access to
information about 62.5 million users. Using the vulnerability, he was able to access the personal
data of users such as telephone numbers, email addresses, and Instagram private photos using their
Instagram access token. Zomato fixed the issue within 48 hours of it becoming apparent.
On 18 May 2017, a security blog called HackRead claimed that over 17 million Zomato user
records including emails and password hashes had been stolen due to a security breach. The
company stated that no payment information or credit card details were stolen.The hacker removed
the stolen user data from the dark web after Zomato agreed to start a bug bounty program.