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Throwback: Zomato’s 13-year-old journey to IPO

The much-talked-about initial public offering (IPO) of foodtech unicorn Zomato is set to launch today.

Throwback: Zomato’s 13-year-old journey to IPO

Wednesday July 14, 2021 , 4 min Read

The much-talked-about initial public offering (IPO) of foodtech unicorn Zomato is set to launch today. 


Zomato, which was founded in 2008 as a food listing platform named Foodiebay, has come a long way since Deepinder Goyal and Pankaj Chhadah began working on this idea in 2008 while they were at Bain Consulting.

Zomato

By 2011, just three years after it was founded, Zomato became the go-to place for restaurant search and discovery. 


In the years since, it has been extensively expanding its operations, foraying into new categories, markets, and launching new services and offerings to emerge as one of the category leaders in the space. 


Now, the company — which is eyeing a post-issue valuation of Rs 64,365 crore at the upper-end of its issue price range of Rs 72-76 a share — is expected to soon launch online grocery services on its app, as it continues with its experiments in the grocery space. 


Ahead of Zomato’s Rs 9,375 crore IPO, we take a walk down memory lane to highlight some key milestones in the company’s journey so far. Read more.

Zomato

Read all about how the Indian startup ecosystem is battling the second wave of COVID-19 here.


Here are some useful tools to help you find the nearest vaccine centres in real-time.


You can also share a tribute to COVID-19 warriors, saviours, and survivors here.



The Interview

In this episode of C-Suite, C K Venkataraman, Managing Director of Titan Company, speaks about what customer experience will be for Titan's iconic brands like Tanishq in emerging cities, and the value of focusing on the long term even during the pandemic.


Editor’s Pick: Product Roadmap

During their stint at Dvara, Suchitra Mukherjee and Puneet Gupta realised financial service products were not addressing the need for micro-savings or micro-insurance. 


The duo started Kaleidofin in 2017 — a neobank that offers simple, well designed financial solutions to address the needs of over 600 million underbanked and unbanked Indians engaged in the informal economy. Read more.

Product Roadmap - Kaleidofin

Startup Spotlight

A startup that aims to make students job-ready


When PN Santosh was building BYJU’S, India’s biggest edtech startup, he realised there was more to education than just targeting the K-12 segment. 


To help students in their professional journey, Santosh joined hands with former BYJU’S (Think and Learn Pvt. Ltd.) executive Krithika Srinivasan and Prasanna Alagesan, a former business consultant and IIM Bangalore alumnus, to start CareerLabs in 2019. Read more.

CareerLabs

News & Updates







Before you go, stay inspired with… 

Deepinder-Goyal zomato featured image

Deepinder Goyal, co-founder and CEO, Zomato

“We saw that if we wanted to touch broader horizons then the name Foodiebay wouldn’t be the best choice as it constrains our perception to one of a food website... So, we decided to keep the idea of food at the centre but choose a name that is timeless and encompassing – Zomato.” 

Deepinder Goyal, Founder and CEO, Zomato



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