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Zomato

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

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  • Zomato CEO Deepinder Goyal breaks silence on ‘Temple’ device, confirms it’s not for sale yet

    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.

  • Liver Doc locks horns with Deepinder Goyal over gravitational ageing: 'Show evidence'

    “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.

  • Deepinder Goyal: Waited 5 years to pull off the Zomato 'Rs 20 lakh chief of staff' bluff

    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.'

  • People are using AI to add insects, flies and even smash cakes to claim refund from Zomato, CEO Deepinder Goyal reveals

    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.

  • How much do delivery partners actually earn? A look inside the pay model for gig workers on Zomato, Swiggy

    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

  • Eternal CEO Deepinder Goyal denies gig worker exploitation, says delivery partners get social security, fair pay

    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 spotted with mystery device on his temple, internet calls it ‘brain gadget’

    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.

  • After delivery worker strikes, Eternal CEO Deepinder Goyal defends gig pay model with earnings, safety data

    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.

  • Strike has no impact: Zomato, Swiggy, Zepto others pay over Rs 100 crore to gig workers amid record high NYE order volumes

    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

  • Zomato, Blinkit saw record deliveries on New Year’s Eve despite strike calls: Eternal CEO Deepinder Goyal

    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.

  • Power of conviction: Info Edge's Rs 86 crore investment in Eternal is now worth Rs 32,000 crore

    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.

  • Gig workers from Maharashtra likely to join strike, police monitoring developments: Officials

    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.

  • Swiggy, Zomato raise delivery incentives amid gig worker strike, year-end rush

    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.

  • No Swiggy, Zomato on New Year’s Eve? Delivery workers' union calls nationwide strike today

    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.

  • Swiggy, Eternal shares fall 2% after gig workers call nationwide strike, Zepto IPO update

    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.

  • Eternal snaps 3-day gains, falls up to 5% as UBS flags loss of food delivery market share to Swiggy in Nov

    According to a UBS note, Swiggy gained market share from Eternal in the food delivery segment during November.

  • Platform companies may hike fees; formal staffing firms seen benefiting as labour codes take effect

    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.

  • Magicpin, Rapido partner to challenge Zomato-Swiggy's food delivery duopoly

    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.

  • Quick commerce players tamp down on dark store expansion, shift focus to efficient utilisation

    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

  • Flip to live longer? Deepinder Goyal's Continue says upside-down poses may slow aging

    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.

  • Platform fee helps cushion food delivery discounts on Swiggy

    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.

  • Why the LensKart IPO pricing is pure art... and artfulness

    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.

  • Very discontent right now: Peyush Bansal on why there won't be a book on Lenskart and him like Zomato and Deepinder Goyal yet

    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”.

  • Delivery Diaries | Festival without boundaries: how India eats together

    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

  • Eternal Q2 results impact: Shares fall 2.5% as brokerages 'disappointed' with margins

    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

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