Zomato was founded in 2008 by Deepinder Goyal and Pankaj Chaddah as an online restaurant guide and food delivery platform. The company initially launched as a restaurant information platform, helping users discover restaurants and view menus. Zomato recognized the opportunity in online food delivery and pivoted to focus on this growing market.
In the early 2010s, Zomato expanded its food delivery operations across Indian cities, establishing partnerships with restaurants and building a delivery network. The company invested in technology, mobile applications, and logistics infrastructure to enable efficient food delivery. Zomato became one of India's leading food delivery platforms.
Zomato expanded internationally, entering markets in Southeast Asia, the Middle East, and Europe. The company established operations in multiple countries, adapting its platform to local market conditions and consumer preferences. Zomato became a global player in the food delivery industry.
In 2021, Zomato went public with an initial public offering on Indian stock exchanges, raising capital for expansion and operations. The IPO was successful, reflecting investor confidence in the company's business model and growth prospects. Following the IPO, Zomato continued to expand its operations and product offerings.
In 2022, Zomato acquired Blinkit, a quick commerce platform, for approximately $568 million. This acquisition marked Zomato's strategic expansion into the quick commerce segment, complementing its core food delivery business. Following the acquisition, Zomato integrated Blinkit into its operations while maintaining its brand identity.