Zomato is an Indian food delivery startup restaurant aggregator. Zomato primarily provides concrete information, menus, and user reviews of the restaurants. Along with this, Zomato also has food delivery options from partnered restaurants of the selected cities. The founders of Zomato are Deepinder Goyal and Pankaj Chaddah. The Zomato recruiting team is of the ideology that hiring the correct people is primary for their company's startling growth. Also, recruiting this pool of employees was one of the major milestones achieved while building the foundation of Zomato. Now, the company has a squad who are vital in bricking their dream project.
To date, Zomato has had 17 funding rounds and raised close to $914.6 million in these rounds. Its most recent funding came in April 2020, Series J round by Baillie Gifford for $5 million. According to Zomato, it has registered $205 Million in revenue as compared to $63 Million in the first half of 2019.
Based on the Regulatory Filings, Zomato has allotted 15,188 Preference Shares at issue price of Rs. 300,235/Share to Temasek (Singapore-based Investment Firm). This gives Temasek a holding of 2.37% stake in Zomato. This financing round bought Zomato's valuation at $3.18 Billion.
The Top Individual Stakeholders of Zomato are:
- Deepinder Goyal, Co-Founder & CEO of Zomato, with 7.7% stake i.e worth nearly $245.2 million
- Pankaj Chaddah, Co-Founder of Zomato, with 1.75% stake i.e nearly worth $55.7 million
- Gunjan Patidar, Chief Technology Officer (CTO) of Zomato, with 0.54% stake i.e nearly worth $17.25 million
Apart from issuing preference shares, Zomato also alloted ESOPs of around $52 million. This scheme is all set to bring $25 million for Zomato thereby also creating wealth for its employees.
This fresh capital from Temasek, would give Zomato a much-needed push to the foodtech major, As the funding of $100 million from Ant Financials was stuck due to the ban on FDI (Foreign Direct Investment) under the automatic route from countries that share a border with India.