The time we are living in, thanks to technology, we can get anything in front of our doorsteps in just some clicks and in minimal time. Online shopping has become a daily part of our life; from clothes to groceries we can get anything at our preferred time.
Just like that what can be better than getting your favourite food delivered to you when you are hungry? Thanks to food delivery apps, it is now possible and now you don’t have to wait in long lines to get your food.
Food delivery apps had made a place in everyone’s phone storage, from college students to working individuals who are staying alone, food delivery apps are working as their saviour.
Not only that even during the lockdown because of Coronavirus, food delivery apps played a huge role as well. Amongst all those food delivery apps, one of the most famous and loved n India is Zomato. In this article, we will talk about all those companies that are the subsidiaries of India’s biggest food delivery app. So without any further ado, let’s get right into the business.
The key to making acquisitions is being ready because you really never know when the right big one is going to come along. - James McNerney
Zomato is one of the most popular Indian food delivery apps in the country; it was founded in the year 2008 by Deepinder Goyal and Pankaj Chaddah, the headquarters is situated in Gurugram, India.
Formerly known as’ Foodiebay’, Zomato is an online restaurant guide and platform where you can order food. Over 55 million people are using Zomato from across 24 countries.
The company’s main aim "is to ensure nobody has a bad meal." Zomato has acquired number of companies. The company has raised $2.1 billion in funding in 2021.
Let's take a look at the subsidiaries of Zomato
Menu Mania is a restaurant discovery service, through which one can discover local places where they can eat. It was founded in the year 2006, and the headquarters is situated in Auckland, New Zealand.
The app provides a list of local restaurants in New Zealand along with their menus and gives out services like this. Through this, one can rate the restaurants, write reviews about them and also recommend them to your acquaintances. Zomato acquired Menu Mania in 2014, the amount was not disclosed.
Urbanspoon is a restaurant discovery service, through its help one can discover restaurants and where users can give reviews and also recommend them to other people. It was founded in the year 2006 by Adam Doppelt, Ethan Lowry, and Patrick O'Donnell. The headquarters is situated in Seattle, United States of America.
At first, the service was open in countries like Canada, the United Kingdom, Australia, New Zealand, Ireland and of course the United States of America. Urbanspoon was acquired by Zomato on 12th January 2015 for $55 million. Through the acquisition, Zomato established itself in the countries like Australia and Canada.
MapleGraph Solutions Private Limited
MapleGraph Solutions was founded in the year 2011 by Arun Tangri and Varun Tangri, it is a technology powerhouse whose headquarters is situated in New Delhi, India. The company is all about building cloud-based and Mobile based solutions for everyone.
Zomato acquired this startup in 2014 after its first four years of operation. Under this company, Zomato Base was made that enables restaurants to manage their menus and also has an inbuilt payment system. This helps Zomato in providing restaurants with business-focused solutions.
Runnr is a startup founded in the year 2015 by Aravind Reddy, Arpit Dave, Gnanesh Chillukuri, Mohit Kumar, Mukunda NS, and Vatsal Singhal This Company is a B2B platform that provides hyperlocal management services to those who get together and partner with merchants. Zomato acquired Runnr in 2017 to boost up their delivery ways and to provide a good food delivery experience to their customers, the amount of the deal was not disclosed in front of the public.
Uber Eats India
Uber Eats India is another popular food delivery service in India through which one gets their favourite at their doorstep. It is the India based app of the American one that was founded in the year 2014 by Garrett Camp and Travis Kalanick. Uber Eats India was sold by Uber and Zomato acquired the food delivery business in 2020 in the amount of $206 million.
Lunchtime is an online restaurant guide platform, through which one can find different restaurants, pubs, cafes that are present in the Czech Republic. This online platform was founded in the year 2008, one can find over 3000 restaurants in Bohemia and Moravia through this App. Zomato acquired Lunchtime in the year 2014, the amount was not disclosed. The prime reason for this acquistion was to increase their presence in more countries and they were successful in doing that.
Obedovat is an online restaurant guide platform for Slovakia, with the help of this platform, numerous eateries can be found present in the areas. It was founded in the year 2004. Zomato acquired this platform in the year in 2014 for $3.25 million. This way, Zomato was able to capture Slovakia with their service.
This online marketplace was founded in the year 2012 by Manjunath Ramakrishnan, it deals with corporate catering. TongueStun is serving 1500 companies with their catering service. Zomato acquired this company in the year 2018, the main reason for the acquisition was to make their presence in the workspace. Zomato acquired the startup for $18 million.
Sparse Labs is a logistic tech startup that was founded in the year 2014 by Pankaj Batra. Spars Labs ensure hyperlocal delivery companies have a smooth journey while delivering to their customers. Zomato acquired it in 2016, the amount was not disclosed. Zomato improved its delivery service with the help of Sparse Labs.
Cibando is an app that focuses on serving iPhone users by allowing them to find restaurants and eatery places in different cities of Italy. It was founded in the year 2010 by Guk Kim. Zomato acquired Cibandoo in 2014 at an undisclosed amount. Zomato was able to make their presence established in Italy after acquiring Cibando.
Gastronauci is a Poland based company that provides restaurant finder service, it was founded in the year 2007. Zomato acquired Gastronauci in 2014 and the main reason was to expand their global presence.
Founded in the year 2012, NexTable is a cloud-based table managements restaurant reservation system. The main function of NexTable was to help customers reserve tables online in restaurants. Zomato bought it in the year 2015 and changed its name to Zomato Book. The amount was not disclosed.
Another restaurant finder service Mekanist is a Turkish online platform through which one can find restaurants, cafes, pubs and all. It was founded in the year 2008 by Ali Servet Eyuboglu, Alper Tekin, and Eren Baydemir. In 2015, Zomato bought Mekanist at an undisclosed amount, again it was to increase their global presence.
Zomato has become a huge name in the food delivery business industry, there is hardly anyone who is not aware of the app. Zomato is continuously trying to acquire more and more companies, some of them that are directly helping them better their services so that they can be undefeatable in this industry. With the revenue of INR 1994 Crore, the day that Zomato will rule the food delivery industry is not that far.
What are the subsidiaries of Zomato?
Lunchtime, Obedovat, NexTable, Cibando, Sparse Labs, Gastronauci, MenuMania, UrbanSpoon, Runnr, and MapleGraph are the subsidiaries of Zomato.
Who is the founder of Zomato?
Zomato is founded by Deepinder Goyal and Pankaj Chaddah in 2008.
Who is the CEO of Zomato?
Deepinder Goyal is currently serving as the CEO of Zomato.
Is Zomato making a profit?
No, the company faced a loss of Rs 430 crore in the 2021-2022 July September quarter.