Zomato is an Indian food-delivery platform connecting customers, restaurants and delivery partners. The company acquired Uber’s Indian food-delivery business early last year and competes primarily with Swiggy. Together Zomato and Swiggy work with over 440,000 delivery partners, and Bernstein estimates Zomato holds about a 50% market share. The startup has improved unit economics and reported December 2020 as its highest-ever GMV month, roughly 25% higher than February 2020. Zomato has been building a war-chest ahead of an IPO later this year and previously said it was targeting an IPO in the first half of 2021. The company is about 12 years old and is headquartered in Gurgaon, and Info Edge is a public investor holding an 18.4% stake. Zomato is a 12-year-old Indian food-delivery startup. The article identifies the company as a major player in India’s delivery sector. It secured $660 million in financing reported in the piece. Zomato is also in the process of closing a $140 million secondary transaction. The article does not provide details on investors, financing instruments, or operating metrics such as revenue or user counts. No specific future product plans were disclosed in the article. Zomato operates a food delivery platform connecting consumers, restaurants and delivery partners. The company has said food delivery volumes have returned to pre‑Covid peaks, with some cities exceeding 120% of prior levels and 9.2 crore orders delivered since March 23, 2020. Management expects the food delivery sector to continue growing roughly 15–25% month‑on‑month in the near term. Zomato doubled year‑on‑year revenue to $394 million in FY2019‑20 from $192 million, though losses widened to $293 million. In the Covid‑hit June quarter of FY21 it reported $41 million revenue and an EBITDA loss of $12 million. The company is pursuing a targeted growth funding round ahead of a planned IPO and has been raising tranches to bolster its cash position. Zomato is an Indian food delivery startup that provides online food ordering and delivery services. In January it acquired Uber’s Indian food delivery business. The company has been pursuing a large financing round for about a year and said it expected to close up to $600 million. Zomato has improved its financial performance in recent quarters despite the coronavirus outbreak. However, some committed capital—most notably Ant Financial’s $150 million pledge—has not been fully delivered, which has delayed the round. The company recently resumed fundraising with a new investment from Temasek’s MacRitchie unit. Zomato operates a food delivery platform connecting customers with restaurants across India. The company reports delivering over 1.3 million orders per day from 150,000 restaurants, at more than 10 orders per restaurant per day. Zomato has pursued strategic transactions, including selling its UAE division to Delivery Hero for $172 million. Management disclosed plans to acquire UberEats' India business for about $400 million. The company is backed by investors such as Info Edge India, Vy Capital, Sequoia Capital, Temasek, and Ant Financial. Zomato competes intensely with local rival Swiggy in the Indian food-delivery market.

Total raised

$1.6B

Funding rounds

14

Latest round

Equity

Latest activity

Feb 2021