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Zomato was founded as FoodieBay in 2008 by Deepinder Goyal and Pankaj Chaddah who worked for Bain & Company. The website started as a restaurant-listing-and-recommendation portal. They renamed the company Zomato in 2010 as they were unsure if they would "just stick to food" and also to avoid a potential naming conflict with eBay. [8] [9] [10]
Swiggy is an Indian online food ordering and delivery company. Founded in 2014, Swiggy is headquartered in Bangalore and operates in more than 580 Indian cities, as of July 2023. [4] Besides food delivery, the platform also provides quick commerce services under the name Swiggy Instamart, and same-day package deliveries with Swiggy Genie.
Following this, Zomato granted a US$150 million loan to Blinkit. Zomato had acquired a 10% stake in company the year prior. [28] [29] Following numerous discussions, on 24 June 2022, Zomato announced that it would acquire Blinkit for US$568 million in an all-stock deal. [15] The acquisition was completed on 10 August 2022. [16] [30]
In this photo taken on 24 December 2018, an Indian delivery man working with the food delivery app Zomato sits on his bike in a business district in Mumbai.
Zomato's food delivery business accounts for about 58% of its topline with the gross order value — encompassing food price, platform fees and delivery charges — at 322.24 billion rupees ($3.82 ...
Online food ordering is the process of ordering food, for delivery or pickup, from a website or other application. The product can be either ready-to-eat food (e.g., direct from a home-kitchen, restaurant, or a virtual restaurant) or food that has not been specially prepared for direct consumption (e.g., vegetables direct from a farm/garden, fruits, frozen meats. etc).
Info Edge was one of the early investors of Zomato (then known as FoodieBay) and reportedly invested in Policybazaar in 2008 before its website was launched. [17] Between 2010 and 2013, Info Edge invested a total of ₹ 86 crore in Zomato across four rounds and became the controlling shareholder in Zomato. [ 21 ]
Building consumer pipeline and delivery infrastructure will not come under RNP. [163] Indian Railway Catering and Tourism Corporation (IRCTC) also engaging with ONDC to let consumers buy things during travel. [132] To de-risk online sales from food aggregators Zomato and Swiggy, Domino's gone live on ONDC in National Capital Region. [164]