Zomato, now a giant in the food-tech industry, was founded in 2008 by Deepinder Goyal and Pankaj Chaddah. Initially launched as FoodieBay, the platform aimed to digitize restaurant menus, making them easily accessible to users. Over time, the company expanded its services, rebranding as Zomato in 2010 to reflect its broader ambitions beyond just restaurant listings. This move set the stage for its evolution into a comprehensive food delivery and dining platform, revolutionizing how India eats.
The Evolution of Zomato
From FoodieBay to Zomato
Zomato began as a platform for restaurant listings but quickly expanded its offerings, including reviews, ratings, and eventually, food delivery services. The rebranding to Zomato in 2010 marked a significant shift, enabling the company to explore new avenues and scale its operations both in India and internationally.
Expanding Services and Going Public
In 2015, Zomato entered the food delivery space, directly competing with other major players like Swiggy. By 2021, Zomato went public with an IPO that valued the company at over $8 billion, making it one of India’s most successful tech startups.
FAQ
1. When was Zomato founded?
Zomato was founded in 2008 by Deepinder Goyal and Pankaj Chaddah.
2. What was Zomato originally called?
Zomato was originally launched as FoodieBay in 2008.
3. Why did Zomato rebrand from FoodieBay?
The rebranding to Zomato in 2010 was to reflect the company’s broader ambitions beyond just restaurant listings.
4. When did Zomato enter the food delivery market?
Zomato entered the food delivery market in 2015, expanding its services beyond restaurant reviews and listings.
5. What is Zomato’s market value as of its IPO?
Zomato’s market value exceeded $8 billion during its IPO in July 2021.