Zomato is an Indian multinational restaurant aggregator and food delivery company. Based in Gurugram, a satellite city of India's capital New Delhi, the company was founded in 2008 as Foodiebay, and was renamed Zomato in January 2010 as Zomato Media Pvt Ltd. It offers services like home delivery of food, restaurant discovery, menus, reviews, online table reservations, special discounts while eating at select restaurants, and digital payments when dining out. It also works with restaurant partners to provide tools that enable them to engage and acquire more customers while empowering them with a last-mile delivery service and a one-stop procurement solution – Hyperpure, for ingredients and kitchen products. As of March 2021, Zomato was present in 525 cities in India, with 3,89,932 active restaurant listings along with a presence in 24 countries and in more than 10,000 cities outside India. Deepinder Goyal is the founder and chief executive officer (CEO) of Zomato. On July 23, 2021, Zomato went public, opening its Initial public offering (IPO) at a price band of Rs 72-76 per share. It made a stellar debut on Dalal Street as the stock opened at Rs 116 on the NSE, a 52.63 percent premium to its final offer price of Rs 76. The listing price on the Bombay Stock Exchange was at Rs 115, up 51.32 percent. More
Zomato CEO Deepinder Goyal’s mystery device ‘Temple’ went viral after a podcast appearance. Goyal clarified it’s still a prototype, not for sale, and scientific data hasn’t been released yet.
“I had sent him a message purely from the respect for whatever he does... But he said he doesn’t have time and then proceeded to share six lengthy posts. That’s when I figured he only has the time for bullsh**,' Zomato and Eternal CEO Deepinder Goyal said of Kerala-based liver specialist and influencer, The Liver Doc.
The Zomato CEO also refuted allegations that the chief of staff announcement was a publicity stunt. 'It was not a PR stunt,' Deepinder Goyal said. 'I genuinely wanted those applications.'
Zomato CEO reveals customers are using AI to add fake insects and cake damage in photos to claim refunds. Zomato checks complaints closely and rejects fraud claims.
Data show that while most delivery partners log in only intermittently, those working 8–10 hours a day, 26 days a month gross about Rs 26,500–27,700, translating to roughly Rs 21,000 in net earnings after costs
Goyal said India’s food delivery and quick commerce platforms were enabling economic mobility at a time when formal job creation remains constrained
Zomato CEO Deepinder Goyal was spotted wearing a mystery brain-tracking gadget on Raj Shamani’s podcast. The device, called Temple, is experimental, self-tested for a year, and debated by experts online.
The defence follows nationwide delivery worker strikes in late December that triggered renewed scrutiny of platform pay, safety and working conditions, even as food delivery and quick commerce firms reported largely business-as-usual operations during the New Year rush.
While food delivery companies paid out Rs 60-70 crore to gig workers on NYE, quick commerce firms paid a total of Rs 50-60 crore, a jump of at least 30 percent over a regular day, three top executives at different companies told Moneycontrol
The record performance comes as rival Swiggy also reported a record surge in New Year’s Eve sales, despite gig worker unions claiming widespread participation by delivery workers in strike calls on December 31.
Eternal share price: The stock rallied a whopping 808% in around three years to hit an all-time high of Rs 368.45 apiece in October this year.
Amid the strike call by gig workers' unions, police are closely monitoring developments to prevent any untoward incidents on New Year's Eve, according to police officials.
The payouts are aimed at shoring up rider availability during peak evening hours and the New Year rush, as platforms seek to limit operational disruption after brief slowdowns during the December 25 walkout.
The union has sought a guaranteed minimum monthly earning of Rs 40,000, abolition of peak hours, slot systems and weekend hour limits, and compensation for workers in cases of customer-initiated cancellations.
Delivery workers are facing falling earnings, long and unpredictable working hours, unsafe delivery targets, arbitrary ID blocking, and the absence of basic welfare and social security protections, the unions claimed while calling the nation-wide strike.
According to a UBS note, Swiggy gained market share from Eternal in the food delivery segment during November.
According to Kotak Institutional Equities, the labour code rollout may raise per-order costs for gig platforms while simultaneously improving the formal staffing sector’s prospects through clearer, centralised compliance norms.
The partnership will open up magicpin's large restaurant base for Rapido, which launched Ownly in August, and has been looking to scale beyond Bengaluru.
While dark store expansion seems to be moderating currently, analysts believe that with quick-commerce players' latest fundraising plans, competitive intensity in the industry may see a revival in the coming quarters
The longevity initiative has released early findings linking passive inversions to improved brain blood flow, backed by a recent $25 million personal investment from the Eternal CEO.
Both existing players, Swiggy and Zomato and new competition, like Rapido, are all "striving to create an opening in what is a thin-margin, high-visibility, and operations intensive business,” the company’s management said.
The thing is that markets are a fascinating study in comparative degrees of lunacy. If you sell irrationality first, then resetting and selling rationality later is a piece of cake.
While he has not decided if he will publish a book, and a name for it yet, Bansal said when he begins to work on the idea, he would title it “Vision for Billion”.
Festivals in India are transcending regional boundaries as technology enables people nationwide to order traditional foods, celebrate together, and preserve cultural rituals; turning regional traditions into shared, connected national experiences
In a letter to shareholders, Eternal said it expects 'a slow uptick in growth rate in the near term' for the food delivery net order value (NOV) for Zomato due to multiple headwinds