Zomato, formerly known as FoodieBay, was founded in 2008 by Deepinder Goyal and Pankaj Chaddah. It started as a restaurant-listing-and-recommendation portal in India
In 2010, the company rebranded as Zomato to explore avenues beyond food. Zomato expanded its operations to several countries, including the UAE, the UK, and the Philippines
In 2015, Zomato entered the food delivery space in India. Zomato's food delivery service rivalled Swiggy, then a major player in the Indian market
In 2017, Zomato introduced 'Zomato Gold', a membership program offering discounts on dining and delivery on orders via the app
During the pandemic, Zomato pivoted to delivering groceries and essentials under Zomato Market. It also introduced contactless dining/ alcohol delivery services.
In 2020, Zomato also acquired its rival Uber Eats in an all-stock deal
In July 2021, Zomato went public with an IPO valuation of over $8 billion.
The company dialed back on global expansion plans to support its domestic business. By November 2021, Zomato limited its operations to India and the UAE
In June 2022, the company acquired Blinkit (formerly Grofers) for $568 million to bolster its quick-commerce capabilities
The food delivery platform reported a Rs 2 crore Profit After Tax in its Q1FY24 earnings after offsetting its Rs 15-crore loss with deferred tax of Rs 17 crore