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Posts Tagged ‘ Zomato.com ’

From Uber to Zomato, tech startups struggle to sustain valuations

Monday, May 9, 2016 | More »

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After Flipkart facing markdowns in valuation to the tune of 20-40% from US mutual funds, another Indian tech unicorn is now under scrutiny. The brokerage arm of HSBC—which initiated coverage on Info Edge (India) Ltd, the largest shareholder of Zomato—cut its valuation of the restaurant listing s...

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Zomato becomes profitable in six markets including India

After a tremulous period towards the end of last year, restaurant listings and services startup Zomato Media Pvt Ltd has achieved operational break-even in six markets such as India, Middle East (UAE, Lebanon and Qatar) and Southeast Asia (Philippines and Indonesia). This makes Zomato the first Indi...

8 February, 2016 | More »

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Zomato’s learning from 2015: Don’t scale too fast, always focus on revenue

Zomato’s quick expansion last year meant that the food tech venture had more rivals to worry about, resulting in a diminished focus on operational revenue. “We scaled massively in 2015…We were rapidly launching operations in new geographies and setting up new businesses. Suddenly, having that ...

26 January, 2016 | More »

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Zomato starts table reservations with Book

Restaurant discovery and food ordering venture Zomato will now allow users to book restaurant tables online. The company has launched Zomato Book, its new platform for table bookings, in about 500 restaurants across 21 cities globally, it said in a statement. The feature has been incorporated in the...

14 January, 2016 | More »

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Zomato shuts down online food ordering service in four cities

Gurgaon-based restaurant listing and services firm Zomato is shutting down its online food ordering service in four cities—Lucknow, Kochi, Indore and Coimbatore—reflecting the challenges consumer internet players in the country are facing. Zomato that competes with Foodpanda, among others, in th...

11 January, 2016 | More »

Deepinder Goyal, co-founder and chief executive officer, Zomato

Zomato discontinues advertising on porn sites, CEO apologises

Restaurant listings and food ordering startup Zomato has stopped advertising on pornographic sites after receiving a barrage of criticism on social media. In a blog posting dated December 17, Zomato CEO Deepinder Goyal said that the marketing campaign crossed the fine line between marketing irrevere...

18 December, 2015 | More »

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Why Zomato moved from food-porn to porn sites to catch hungry eye(balls)

‘Look, people watch porn, and people get hungry; so stop judging me.’ That’s a straight (no pun intended) marketer’s thought process for reaching out to the buzzing late-night food delivery space. But India’s best known food-tech startup Zomato saw a more profound reasoning to ...

15 December, 2015 | More »

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Zomato CEO warns may not meet revenue goal, pulls up sales team

Zomato, the restaurant listing and services company which is valued around $1 billion, might fail to meet its sales target for the current financial year, according to an email co-founder and CEO Deepinder Goyal sent to the staff on Friday. In a long mail that Goyal first sent to the company’s sal...

31 October, 2015 | More »

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Zomato cuts 300 jobs worldwide

Restaurant listing and services company Zomato is laying off around 300 employees worldwide, or nearly 10 per cent of its workforce, joining a growing list of Indian startups that are shedding jobs as they try to control costs and sustain investor interest. Zomato, the prominent consumer internet un...

17 October, 2015 | More »

Durga Raghunath

High-flying Zomato still struggling to retain top talent

In May, when restaurant listings and services startup Zomato Media Pvt Ltd named Durga Raghunath as senior vice president, growth, it said she would work closely with the founding team on key aspects of some of its new businesses, such as online ordering and table reservations. This week, Raghunath ...

26 September, 2015 | More »

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