How Zomato became one of the world's largest restaurant aggregator and food delivery company?
Zomato is one of the world's largest restaurant aggregator and food delivery company.
This company is founded by Pankaj Chaddah and Deepinder Goyal in 2008.
As of 2019, the service is available 24 countries and in more than 10,000 cities
This company has gained tremendous funding from all over the world.
Some of them were - Info Edge, Alibaba, Tiger Global, etc.
In February 2021, Zomato raised US$250 million from five investors at a valuation of US$5.4 billion.
And also with the countless controversies!.
1.) "Food has no religion" tweet
2.) Logout Campaign
3.) Delivery Boy Case. and many more.
As per the news, Zomato has converted itself into a public limited company from a private company, taking another step ahead towards initial public offering (IPO). The company is likely to go public this year.
The food-delivery app is planning to raise $750 million to $1 billion via primary stake sale.
Are you excited about the Zomato IPO?
Let me know in the comments below