Zomato cuts monthly losses to INR 1.6 cr in FY18

Zomato has reduced its monthly losses to INR 1.6 crore (USD 250,000) in the current fiscal (FY18) from INR 77 crore (USD 12 million) in FY17, Deepinder Goyal, founder and CEO, Zomato said…READ MORE

Zomato back to investing in loss-making global operations

The company will expand gradually in the US, Canada, Ireland and Italy -four of the nine countries where it had drastically scaled down operations…READ MORE

How Zomato managed to survive the carnage in the foodtech sector

A learning from the experience for Zomato founder Deepinder Goyal was that hustle, on its own, is a bad word. Hustle has to be accompanied with intense thinking…READ MORE

Foodtech a hard space to execute and build a business: Zomato founder Deepinder Goyal

The valuation of Zomato in the last round in 2015 was $960 million. We never hit a billion. We fell short by $40 million, said Deepinder Goyal…READ MORE

With revenue servings up at 81 pc, Zomato cuts losses by 34 pc in FY17

Online restaurant search firm Zomato saw a 34% dip in its total loss for 2016-17 to Rs 389 crore from Rs 590 crore in the previous year, according to the annual report of its largest shareholder Info Edge, thanks mainly to a strategy that excluded self-fulfilled deliveries…READ MORE

Zomato plans to deliver on its own

Online food discovery and delivery platform Zomato is evaluating the option of fulfilling deliveries on its own for a small set of restaurants, said its largest investor Info Edge in a call with analysts…READ MORE

Zomato explains how hack happened

Five days after Zomato’s user database was breached and put up for sale on a dark web marketplace for $1000, the restaurant search and food delivery portal explained how the hack took place…READ MORE

UberEATS, Zomato put in bids to buy Runnr

Runnr was formed after the merger of two of the most high profile and well-funded startups of 2015 -hyperlocal logistics Roadrunnr and food-delivery venture TinyOwl…READ MORE

From UberEATS to Zomato: 5 popular food delivery apps in India

Uber, the international taxi hailing service has now ventured into the food delivery sector in India, starting from Mumbai. Under the name UberEATS, it has partnered with more than 200 restaurants. The company is looking to expand into cities like Delhi, Kolkata, Chennai, Bengaluru and others in the future…READ MORE

Zomato raises $20 million