ABHISHEKDAHIYA13
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Mar 07, 2019
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About This Presentation
This is Presentataion on Deepinder Goyal ,Co-founder & CEO of Zomato. This will explain you all the phases in Deepinder's life and how the Zomato Team handled their issues.
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Language: en
Added: Mar 07, 2019
Slides: 16 pages
Slide Content
Deepinder Goyal Co-Founder & ceo
Zomato provides restaurant information such as scanned menus and photos sourced by local street teams, as well as user reviews and ratings. The company also provides cashless payment, online ordering, white-label apps and table reservation .
Deepinder Goyal was born and raised in Punjab. He belongs to a humble middle class family. Graduated with a degree in Mathematics and Computing from IIT Delhi in 2005. Worked as Management Consultant for 3 years with Bain and Company in New Delhi. Before starting Foodiebay.com(now Zomato ) , he also started an online food ordering Portal Foodlet but it failed. Early life & Education
Family Kanchan Joshi, wife of Deepinder Goyal . Deepinder Goyal met his wife Kanchan Joshi at IIT Delhi and fell in love with her. ”I chased her for six months” says goyal in an interview to forbes . The Couple got married in 2007 and had a daughter, S iara in 2013. A PhD from IIT Delhi, Kanchan is now a Mathematics professor at Delhi University. 4
At Bain’s , Deepinder conceived the idea of an online restaurant information service after seeing the demand for menu cards among his colleagues He started working on Foodiebay.com. 2 months later , Pankaj Chaddah joined him in his work along with their Jobs. For about 18 months, the two worked on weekends on their website that soon listed 1,200 restaurants in New Delhi They became the biggest restaurant directory in the Delhi NCR region by late 2008 Startup initial phase
When the work load increased they have to leave the company , By this time they have expanded to major cities like Kolkata, Mumbai, Bangalore and Delhi. During the early years , Goyal doesn’t have money to run zomato , he lended money from his friends. Ebay also send a legal notice for using ebay in their name foodiebay.com. In the year 2011, Zomato came up with a out of the box idea and created a website named “ zomato.xxx ” , a site dedicated to food porn Zomato also collaborated with Citibank to launch a print version of the content on the website known as the “Citibank Zomato Restaurant Guide”. But they have discontinue it after sometime . Zomato also set up an events listing and ticketing portal in 2011 that was shut in 2012. The turning point for Zomato came in 2012 when it ventured outside India. “While we were slightly nervous, our success in the UAE set the tone for our global expansion,” Goyal said. Struggle
But New Zealand almost shattered there hope and they are on the verge of closing . Another setback in the States happened when Zomato aquired Urbanspoon and rebranded the company as their own. This rebranding did not workout and the venture failed in a mammoth manner. In June 2015, an Indian security researcher hacked the Zomato website and gained access to information about 62.5 million users On 15th October, 2015 Zomato changed business strategies leading to Zomato firing about 300 people. On 18 May 2017, a security blog called Hackread claimed over 17 million accounts had been breached. The price for the whole package was $1,001.4 on the Dark Web . In 2016, due to low financial year it has stop operations in 9 countries. In December 2018, Zomato was caught in a controversy after a video showing i ts delivery executive eating out of a customer's delivery box went viral . Struggle(Continued)
Present Scenario It has now spread over 10000 cities in 24 countries around the globe with collaboration with 350000. Have over 2000 passionate Zomans . Become Indian Unicorn in 2018 After 10 years of establishment Zomato seems to coming into profit for the first time.
Funding's Since Zomato was founded in 2008, it has participated in 10 rounds of funding. In total Zomato has raised $443.8M. Zomato's last funding round was on Jan 2018 for a total of $200.0M Ant Financial InfoEdge
Acquisitions - Zomato has acquired a total of 13 companies. Some of them are listed in the table. Company Name ACQUISITION DATE TechEagle Innovations Pvt. Ltd. Dec 2018 Tonguestun Food Network Private Limited Sep 2018 Runnr Jun 2017 Sparse Labs Pvt Ltd. Sep 2016 NexTable , Inc. Mar 2015 Urbanspoon Jan 2015
Zomato Products After being successful in restaurant’s user reviews and ratings. The company also launched other products to get a good hold in market. Cashless payment White-label apps Table reservation Online ordering(2015) Zomato Gold
Zomato (Revenues vs losses)
Competitors Domestic International
14 Currently in 24 Countries
15 • Google Play Best Apps of 2017(Editors’ Choice till date) • NDTV Indian of the Year 2015 • 5th India Digital Awards presented by IAMAI 2015 • Economic Times Start-up of The Year 2014 Awards AND Achievements