Page 33 - Zomato

Zomato to launch own digital wallet, aims to boost predictability of orders

Talks on Zomato building its own digital wallet began early this year when Alibaba's Ant Financial invested in the food tech company

Zomato acquires food-at-work startup TongueStun for undisclosed amount

Zomato said that TongueStun was the largest of its kind player in the food-at-work space and that the company would continue to run independently

Zomato cracks whip on restaurants without FSSAI licence, delists several

Those with high Zomato ratings or high repeat order volumes have been given until month-end to furnish their licences

Zomato expands footprints, launches operations in 7 more tier II cities

With this move, Zomato further plans to launch in multiple new cities every month

As Zomato turns 10, it wants to be a 'farm-to-mouth' food company

Says it will source raw ingredients from farmers and deliver to restaurants

Zomato hires former MakeMyTrip COO as CEO of food delivery biz

An IIM-Calcutta alumnus, Mohit Gupta worked at PepsiCo International for eight years before joining MakeMyTrip in 2008

Zomato to serve 25 more cities in India with business expansion

Zomato launched its online ordering and food delivery services in May 2015

Zomato to rejig top brass in next 6 months as investors look for change

Company says it is just replacing old guard with stronger leaders

Zomato's revenues doubled to Rs 3.09 bn in FY17, but so did its losses

The company's ability to curb growth of operational expenses was offset by massive losses due to a drop in value of its overseas subsidiaries

Zomato co-founder Pankaj Chaddah exits amid rejig; more likely to follow

In February, the company secured $200 million from Ant Financial, raising its valuation to $1 billion

Get complementary food, drinks with subscription-based 'Zomato Gold'

The service -- which was launched in the UAE and Portugal earlier this year -- will be available at an inaugural price of Rs 299 (3-months) and Rs 999 (12-months).

After food orders, Zomato waives fees from restaurants for reservations too

The company hit a milestone of one million reservations through its table reservations service

Zomato invests in home-cooked meal delivery firm Tinmen

Zomato chief Deepinder Goyal says, will provides easy access to home cooked meals at affordable prices for thousands of people in Hyderabad

Zomato has cut losses; gears up for fight with rivals

Just around a year and half earlier, Zomato, the food ordering and restaurant discovery platform, was vulnerable. In the foodtech meltdown that saw at least two dozen companies being shut, the Gurugram-based entity faced its own challenges. The business was floundering, it got backlash from users for advertising on pornography sites and the losses were mounting.It was timely advice and guidance from Sanjeev Bikchandani, founder and executive vice-chairman of Info Edge, the main investor in Zomato, which helped in keeping the company afloat. Amid the turmoil, Zomato founders Deepinder Goyal and Pankaj Chaddah reached for advice to Bikchandani and Hitesh Oberoi, Info Edge's managing director and chief executive, whose online portfolio includes Naukri.com and 99acres. Oberoi says Bikchandani and he have been only good sounding boards. "To be honest, we have little to do with the companies (we invest in). They have managed it quite well. During the bloodbath, we advised them to focus ..

Baidu, Tiger and now Alibaba: Zomato's quest for funds continues

With Foodpanda securing as much as $451 mn, Zomato is hunting for funds to expand its operations

Zomato to roll out speedy delivery service for customers during illness

Restaurant discovery and food ordering service Zomato is introducing a new feature that will allow customers to ask for expedited deliveries when they are feeling a bit under the weather, likening it to calling an ambulance during medical emergencies.The feature which is currently being tested will be rolled out with the next app update. The announcement comes as Zomato says it crossed the three million monthly orders milestone and is looking at adding new meaningful features to get customers to order from it more frequently."You will soon be able to tell us that the meal you just ordered is for someone who's a bit under the weather...and we will do everything in our power to expedite your delivery, just so that you can get your chicken clear soup ASAP," the company wrote in a blogpost on Thursday.While the feature will be available for all users, the company will advise users to not misuse it asking them to treat it like an ambulance. The update will also allow customers to instruct .

Full Text: How Zomato earned revenues four times its cash burn in FY17

Blog post by Zomato's Chief of Staff Surobhi Das

Mini-kitchens on offer: Zomato to cook up a storm in cloud kitchens

Food discovery platform Zomato is using its data repository of restaurants that have recently shut down to build a new business unit that will rent out kitchen space to restaurants for increasing their ability to deliver food.Dubbed "cloud kitchens", Zomato is investing in setting up infrastructure which existing restaurants will be able to use to fulfill online orders. These mini-kitchens will be located in off-premium locations and house up to four restaurants helping them expand their service affordably."To acquire cooking equipment, we are using Zomato data to identify restaurants which have recently shut down in the vicinity and are acquiring this (almost new) equipment at a discounted value," said Deepinder Goyal in a blog post outlining how Zomato is looking at growing the new business in a cost effective manner.The technology company says it will provide the real estate, build the kitchen and supply all the equipment restaurants will need to just "walk in" and start doing ...

Zomato loss runs to Rs 1.5 lakh monthly

The loss before tax shot up 262 per cent to Rs 492 crore for the financial year ended March 2016

Red ink spreads in Zomato books

Firm was in the news in 2015, for laying off 300 staff, shutting down regional centres, and not meeting financial targets