Zomato to set up kitchens, launch annual membership service to push revenues

Zomato Media Pvt. Ltd will launch two new initiatives – Zomato Red and Zomato Infrastructure Services – to increase revenue and profitability, Mint newspaper reported on Monday. The new initiatives will be rolled out between February and June 2017. In an interview with the daily, Deepinder Goyal, co-founder and chief executive officer, said that he […]

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Zomato buys logistics-tech firm Sparse Labs to help restaurants track orders

zomatoOnline restaurant discovery and ordering platform Zomato has acquired Gurgaon-based logistics technology startup Sparse Labs. The terms of the deal were not disclosed. In a blog post on Zomato’s website, founder and CEO Deepinder Goyal said, “One of the most important things we’ve been working on over the past year is making the process of […]

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Zomato losses soar in FY16, drag parent Info Edge into the red

ZomatoRestaurant listings and discovery company Zomato Media Pvt Ltd plunged deeper into the red in the financial year through March 2016 and even pushed parent Info Edge (India) Ltd into losses. Pre-tax loss at Zomato widened almost four-fold to Rs 492.27 crore in 2015-16 from Rs 136 crore the year before. Revenue doubled to Rs […]

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Zomato’s learning from 2015: Don’t scale too fast, always focus on revenue

ZomatoZomato’s quick expansion last year meant that the food tech venture had more rivals to worry about and diminished its focus on operational revenue. “We scaled massively in 2015…We were rapidly launching operations in new geographies and setting up new businesses. Suddenly, having that many new competitors in new markets meant everything had to become […]

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On track to double revenue, Zomato’s Goyal tells analysts

Online restaurant listing and services company Zomato is on course to double revenue this financial year in line with investors’ expectations, co-founder and CEO Deepinder Goyal told analysts on Monday, just a week after warning employees the firm might fail to meet the sales target for 2015-16. “If we execute well we will meet our […]

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Zomato CEO warns may not meet revenue goal, pulls up sales team

Zomato, the restaurant listing and services company which is valued around $1 billion, might fail to meet its sales target for the current financial year, according to an email co-founder and CEO Deepinder Goyal sent to the staff on Friday. In a long mail that Goyal first sent to the company’s sales team and later […]

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It’s ‘stupid’ to go app only, says Zomato’s Goyal

Zomato co-founder Deepinder Goyal has joined Snapdeal CEO Kunal Bahl in denouncing the ‘app-only’ strategy adopted by several consumer internet firms. “I think it is stupid (to go app-only). If you have customers on the web why wouldn’t you follow them?” Goyal, who is also CEO of the restaurant listings and food delivery firm, asked […]

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Rahul Yadav on Housing.com plans, Sequoia as an ‘inhuman’ VC and his dig at Zomato

Housing.com CEO Rahul Yadav had a characteristically candid session at the Reddit AMA (ask-me-anything) on Tuesday evening. Yadav, who has hogged headlines over the past three months over public spat with investors, resignation as CEO followed by a quick withdrawal, allegations against a media house besides the latest shocker where he decided to simply give away all […]

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