Startups - The New Normal Is Here

Startups - The New Normal Is Here

Gaurav VK Singhvi Gaurav VK Singhvi

Gaurav VK Singhvi

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发布日期: 2021年4月17日
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Zomato Private limited is now, Zomato limited. The company filed an MoA earlier this month, and 9th April 2021 marks the arrival of Zomato ltd. With this, the food-tech giant has taken another step ahead towards its IPO (Initial Public Offering), which is likely this year.

Deepinder Goyal and Pankaj Chaddah had their heart set on going public in 2010 when a website 'foodiebay' was incorporated as ZOMATO Pvt. Ltd. Sanjeev Bikhchandani provided Zomato with a funding of 1 million USD through his company Info Edge India that made this great idea the big reality it is today. 

The next round of funding that they got was again from Info Edge India and this time it was 3.5 million USD and again in the year 2013, Zomato received a staggering 10 million USD from Info Edge India which made Info Edge India a holder of nearly 50% of the shares in the start-up. Other investors for Zomato include Sequoia Capital, VY Capital, and Temasek. The funds just kept coming in after this. By the end of 2018, it is estimated that Zomato would’ve received funding of more than 300 million USD. This funding then gave Zomato the idea of expanding into more cities across India apart from Delhi, Bangalore, Kolkata, and Mumbai. So, they moved into Hyderabad, Ahmedabad, Pune, Chennai, etc. In September 2012, Zomato launched its services in Dubai, Sri Lanka, United Kingdom, South Africa, Turkey, and New Zealand.

Zomato today is valued at 5.4 Billion USD, after raising 250 million USD, in this years Q1.

If you think your idea is small, just look around maybe you just lack someone to believe in your idea.


NARESH DESAI

Financial Advocate, Financial Freedom Fighter, Financial Educator, Financial Enterpreneur & Portfolio Designer

2 年

Gaurav, thanks for sharing!

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