ZOMATO

PRESENTED BY
PIYUSH & AMAN
BBA VI EVENING
ABOUT ZOMATO
• ZOMATO KICKED OFF ESSENTIALLY AS A REBRANDED VERSION OF THE FOOD DIRECTORY
SERVICES FOODIEBAY. DEEPINDER GOYAL AND PANKAJ CHADDAH, BOTH IIT GRADUATES AND
BOTH WORKING AS ANALYSTS AT BAIN AND COMPANY BACK THEN, HAD STARTED FOODIEBAY IN
2008.

• IN A MATTER OF JUST NINE MONTHS, FOODIEBAY BECAME THE LARGEST RESTAURANT

DIRECTORY IN DELHI NCR. AFTER TWO SUCCESSFUL YEARS, THE COMPANY WAS REBRANDED
ZOMATO AND SINCE THEN THERE WAS NO LOOKING BACK.

• 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.
FUNDING & INVESTORS
• TO DATE, ZOMATO HAS RAISED CLOSE TO $1886.6 MILLION FUNDING. RECENTLY (FEB
2021) ZOMATO CLOSED A $250 MILLION FUNDING ROUND, LED BY EXISTING INVESTORS
TIGER GLOBAL, KORA AND FIDELITY. ZOMATO'S VALUATION TOUCHES $5.4 BILLION. IN
THIS ROUND, KORA PUMPED IN $115 MILLION, WHILE FIDELITY INVESTED $55 MILLION
AND TIGER GLOBAL HAS INVESTED $50 MILLION.

• INFO EDGE INDIA IS ZOMATO'S LARGEST SHAREHOLDER WITH OVER 18.4% STAKE
• NOW ZOMATO HAS FILED FOR A 7500 CRORE IPO IN 2021.
CONT.
• BETWEEN 2010 AND 2013, ZOMATO RAISED APPROXIMATELY US$16.7 MILLION FROM INFO
EDGE INDIA, GIVING INFO EDGE INDIA A 57.9% STAKE IN ZOMATO. IN NOVEMBER 2013, IT
RAISED AN ADDITIONAL US$37 MILLION FROM SEQUOIA CAPITAL AND INFO EDGE INDIA.

• WHILE IN APRIL 2015, INFO EDGE INDIA, VY CAPITAL AND SEQUOIA CAPITAL LED
ANOTHER ROUND OF FUNDING FOR US$50 MILLION.[42] THIS WAS FOLLOWED BY
ANOTHER US$60 MILLION FUNDING LED BY TEMASEK, A SINGAPORE GOVERNMENT-
OWNED INVESTMENT COMPANY, ALONG WITH VY CAPITAL IN SEPTEMBER.
CONT.
• IN OCTOBER 2018, ZOMATO RAISED $210 MILLION FROM ALIBABA'S PAYMENT AFFILIATE ANT
FINANCIAL. ANT FINANCIAL RECEIVED AN OWNERSHIP STAKE OF OVER 10% OF THE COMPANY AS
PART OF THE ROUND, WHICH VALUED ZOMATO AT AROUND $2 BILLION. ZOMATO HAD ALSO RAISED
AN ADDITIONAL $150 MILLION ALSO FROM ANT FINANCIAL EARLIER IN 2018.

• 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
ACQUISITIONS
•IN JULY 2014, ZOMATO MADE ITS FIRST ACQUISITION BY BUYING
MENU-MANIA FOR AN UNDISCLOSED SUM.
•THE COMPANY PURSUED OTHER ACQUISITIONS INCLUDING
LUNCHTIME.CZ AND OBEDOVAT.SK FOR A COMBINED US$3.25 MILLION.
•IN DECEMBER 2014, IT ACQUIRED ITALIAN RESTAURANT SEARCH
SERVICE CIBANDO.
•OTHER ACQUISITIONS OF 2015 INCLUDE MEKANIST IN AN ALL-CASH
DEAL, THE DELHI-BASED STARTUP MAPLEGRAPH THAT BUILT
MAPLEPOS (RENAMED ZOMATO BASE),AND NEXTABLE, A US-BASED
TABLE RESERVATION AND RESTAURANT MANAGEMENT PLATFORM.
CONT.
• IN SEPTEMBER 2018, ZOMATO ACQUIRED BENGALURU-BASED FOOD E-
MARKETPLACE, TONGUESTUN FOOD, FOR ABOUT $18 MILLION IN A CASH AND
STOCK DEAL.

• IN DECEMBER 2018, ZOMATO ACQUIRED LUCKNOW-BASED STARTUP,

TECHEAGLE INNOVATIONS, THAT WORKS EXCLUSIVELY ON DRONES, FOR AN
UNDISCLOSED AMOUNT. 

• ACQUIRED ITS RIVAL UBER EATS' BUSINESS IN INDIA IN AN ALL STOCK DEAL,

GIVING UBER EATS 10% OF THE COMBINED BUSINESS