Zomato, a leading food delivery and restaurant aggregator platform, has carved a niche in the global market. Over the years, its funding rounds have propelled the company into new horizons. Let’s delve into the details of Zomato’s funding milestones.
Zomato - Company Overview
Founded in 2008 by Deepinder Goyal and Pankaj Chaddah, Zomato started as a simple restaurant review platform and quickly evolved into a comprehensive food service provider. Over the years, the company has expanded its footprint across multiple countries, offering food delivery, restaurant discovery, table reservations, and more.
The company’s growth is fueled by its innovative approach and continuous investment in technology. Zomato’s platform provides seamless services to millions of users and businesses, making it a household name in the food tech industry.
Zomato's evolution from a local startup to a global player highlights its strong market presence and determination to continuously innovate. Its business model, which blends technology with customer-centric solutions, has propelled it into the spotlight, positioning it as a key player in the ever-evolving food service sector.
Zomato Funding Rounds
Zomato has raised a total of $3.4 billion in funding over 24 rounds. Zomato’s most recent funding was raised on March 6, 2024, through a Post-IPO Secondary Round. This funding round reflects continued investor interest in the company even after its initial public offering, which was a major milestone in its growth journey.
Funding Round | Year | Amount Raised |
Seed Round | 2010 | ₹47M |
Series A | 2011 | ₹135M |
Series B | 2012 | $2.3M |
Series C | 2013 | $10M |
Series D | 2013 | $37M |
Series E | 2014 | $60M |
Series F | 2015 | $50M |
Series G | 2015 | $60M |
Series H | 2017 and 2018 | $220M |
Series I | 2018 and 2019 | $312.2M |
Corporate Round | 2020 | $150M |
Series J | 2020 and 2021 | $1.1B |
Post-IPO Secondary | 2022, 2023 and 2024 | $1.3B |
Data Credits: Crunchbase
Zomato Key Investors
The key investors of Zomato are:
Info Edge
Sequoia Capital
Vy Capital
Temasek Holdings
Peak XV Partners
Ant Group
Glade Brook Capital Partners
Delivery Hero
Baillie Gifford
Tiger Global Management
Kora
Zomato Investments and Acquisitions
Zomato has made a total of 14 investments, supporting emerging startups and companies that align with its core mission of improving food delivery, technology, and restaurant services.
Zomato's most recent investment occurred on April 17, 2022, when it invested $24 million in UrbanPiper, a company that provides technology solutions for restaurants, further strengthening its ecosystem and enhancing its offerings for restaurant partners.
Zomato has also acquired 16 companies over the years, as part of its strategy to expand its services and bolster its position in the market.
The most recent acquisition took place on August 21, 2024, when Zomato acquired Paytm - Entertainment Ticketing Business for a whopping ₹20.5 billion. This acquisition is expected to expand Zomato's services into the entertainment sector, further diversifying its revenue streams and broadening its customer base.
Most Asked Questions
What is the total funding raised by Zomato?
Zomato has raised a total of $3.4 billion in funding over 24 rounds.