Zomato Success Story - Success Story of Zomato

The success story of Zomato shows that hard work and determination to make it big will lead to achieving desired goals. Food is the prime mover for anyone across the globe. Of course, there are many people who yearn for food and to taste a variety of cuisines that are available. The furtherance in the technology has paved a way for the creation of many innovations and it is no less to mention that food delivery app development is one among them.

1. WWW.TVISHA.COM [phone]
The Success Story of Zomato



Food is the prime mover for anyone across the globe. Of course, there are many
people who yearn for food and to taste a variety of cuisines that are available. The
furtherance in the technology has paved a way for the creation of many innovations
and it is no less to mention that food delivery app development is one among them.
In this extravagantly ornate system, it has become hard for every person to disburse
time on everything. Besides, cooking food after a busy day entails a lot of time and
that is what that has gained huge rage about these food delivering applications, where
food will be delivered directly at your doorsteps.
For all these ingenious thoughts, there are those unusual people who have a perfect
understanding of all the trends and so are these people Pankaj Chadha and Deepener
Goyal. They are the master brains behind this great food delivery application
'Zomato'. Zomato has been and is the most widely used ordering application that
attracted many customers with its innovatory strategies.

2. WWW.TVISHA.COM [phone]


Here is the Success Story of Zomato that will Help Everyone
Know their Wonderful Journey

How it all started?
Deepinder Goyal and Pankaj Chaddah were the alumni of IIT Delhi and were the
employees of Bain & Co in New Delhi. In their office, they came across many people
waiting for a long time just to acquire a flash of the menu card. This is when the idea
of obtaining a solution was planted in their mind and that has led to the vegetation of
‘Foodiebay’.
The soft copies of the menu cards are uploaded on the website and thereafter,
everyone in their office began using this provision which conserved much of their
time. This, in turn, increased the traffic to their website. Soon they expanded their
website to make it available to everyone.
The origin for Zomato Success Story

3. WWW.TVISHA.COM [phone]
Foodie bay was initially started in Delhi and then its services were extended to cities
like Mumbai and Kolkata. The number of customers using the application has seen a
constant Northward journey with every passing year. Foodie bay has acquired huge
popularity as it was rendering peculiar services to the customers.
This has enabled the founders of Foodie bay to scale the project to an international
level. Hereafter, Foodiebay was modified as 'Zomato' to make it more bewitching,
simple to memorize and also to eliminate the confusion with the website eBay. In
2010, Foodiebay was officially rechristened as Zomato.
Funding
As the usage of this Zomato has seen a phenomenal upsurge, the founders of Zomato
decided to simplify the access of the application for the users. Then a mobile app was
built to benefit the people and to make access easy for the users. However, innovation
demanded more funds. The founder of the notable job search engine Naukri Sanjeev
Bikhchandani was fascinated by Zomato, and he started to invest in the project.
In 2010, he invested up to US$ 1 million through Info Edge (India). The very
following year, the same investors provided them a huge fund of US$ 3.5 million.
Next year, a huge amount of US$10 million flooded in from Info Edge. Info Edge
now holds more than 50%. Other financiers of this company include Sequoia Capital,
Vy Capital, and Temasek.
Mobile app development these days has become the growth-driver for any kind of
business.
The formula of Zomato Success
The founders of Zomato, Deepinder Goyal and Pankaj Chaddah consider that hiring
the correct persons is the primary reason for their company's startling growth and
moreover, it was also the greatest hurdle encountered by them while building Zomato.
Now, they have a squad who are vital in bricking their dream project.
Challenges encountered
The most significant hurdle they faced was to find a way to cover all the areas in all
the pivotal cities so the people who hinge on them do not fail to miss the finest
restaurants. This complication was present in the initial stages and endures to be a
hurdle but the founders along with their squad members are keeping all their
endeavors to make the situation better.

4. WWW.TVISHA.COM [phone]
The business model of Zomato
 In the early stages, the founders did not focus much on earning money and
when the website attained huge applause, they recognized the prospects
associated with it. Zomato has 62.5 million registered customers. By observing
these benefits, many restaurants have placed advertisements through which it
can get huge revenue.
 Zomato has made easy for their customers to pay for the charges digitally by
launching cashless transaction.
The success story of Zomato shows that hard work and determination to make it
big will lead to achieving desired goals.