From Uber to Zomato, tech startups struggle to sustain valuations

VCCircle_Business_DownAfter Flipkart facing markdowns in valuation to the tune of 20-40% from US mutual funds, another Indian tech unicorn is now under scrutiny. The brokerage arm of HSBC—which initiated coverage on Info Edge (India) Ltd, the largest shareholder of Zomato—cut its valuation of the restaurant listing site by half to $500 million. Zomato, however, has […]

Read more

Zomato becomes profitable in six markets including India

Zomato7After a tremulous period towards the end of last year, restaurant listings and services startup Zomato Media Pvt Ltd has achieved operational break-even in six markets such as India, Middle East (UAE, Lebanon and Qatar) and Southeast Asia (Philippines and Indonesia). This makes Zomato the first Indian ecommerce unicorn to become profitable in the home […]

Read more

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 […]

Read more

Zomato shuts online food ordering service in four cities

ZomatoGurgaon-based restaurant listing and services company Zomato, the most prominent food-tech venture in the country, is shutting down its online food ordering service in four cities — Lucknow, Kochi, Indore, and Coimbatore, reflecting the state of still nascent consumer internet business in the country. Zomato that competes with Foodpanda among others in the online ordering […]

Read more

Zomato discontinues advertising on porn sites, CEO apologises

VCCircle_Deepinder_Goyal-2Restaurant listings and food ordering startup Zomato has stopped advertising on pornographic sites after receiving a barrage of criticism on social media. In a blog posting dated December 17, Zomato CEO Deepinder Goyal said that the marketing campaign crossed the fine line between marketing irreverence and cultural insensitivity. He apologised to users who may have […]

Read more

Why Zomato moved from food-porn to porn sites to catch hungry eye(balls)

Zomato‘Look, people watch porn, and people get hungry, so stop judging me.’ That’s a straight (no pun intended) marketers thought process for reaching out to the buzzing late-night food delivery space. But India’s best known food-tech startup Zomato saw a more profound reasoning to put that to test. Put simply, the economics of tapping on […]

Read more

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 […]

Read more

High-flying Zomato still struggling to retain top talent

In May, when restaurant listings and services startup Zomato Media Pvt Ltd named Durga Raghunath as senior vice president, growth, it said she would work closely with the founding team on key aspects of some of its new businesses, such as online ordering and table reservations. This week, Raghunath abruptly jumped ship becoming CEO of Juggernaut, a […]

Read more