The on-demand business model’s bubble will not pop anytime soon, given the current situation. Uber’s business strategy and success story are now well-known to nearly everyone on the planet. One of the most popular on-demand meal delivery systems is Zomato, which allows consumers to find new restaurants and order their food online. You may be asking why Zomato makes so much money solely by delivering food to its customers’ homes. Now that we know how Zomato works and how it has exploded in popularity, let’s get into the nitty-gritty of it.
Due to the fact that it saves customers’ time and effort, internet meal delivery services are becoming increasingly popular among company owners. In 2025, the online meal delivery market is expected to increase at a rate of 15.4 percent per year, making it the fastest-growing segment of the industry.
In addition, enticing cashback offers, a wide range of payment choices, quick and easy delivery to the customer’s doorstep, and so on are essential drivers of an app’s success in the competitive market. Now, you may be wondering how it generates so much money and continues to develop at such a rapid pace.
What is Zomato?
One of the most extensive and user-friendly applications for finding restaurants and cafes near you, ordering food online, and having it delivered to your home in a matter of minutes is Zomato. As a bonus, the app gives menus, reviews, and ratings for eateries, allowing you to acquire reliable information. Based on this, customers may order and eat exquisite meals at home.
How does Zomato work?
Zomato has expanded rapidly since its inception in 2008 and is now one of the most successful businesses in India. In spite of giving attractive discounts, even experienced business owners and entrepreneurs are inquisitive about how it functions and how it produces huge revenues Zomato’s primary role is to provide users with recommendations for nearby restaurants and to collect their orders.
Based on previous customers’ reviews and feedback, users may place orders from their favored restaurants. A Zomato-like app may be on the rise as a result of this increased interest from businesses. It makes life easier for customers and helps local food businesses grow to new heights.
In order to have a delectable dinner from Zomato, users must complete these five easy steps-
Zomato Foundation: Success Story Behind The Idea
Deepinder Goyal and Pankaj Chaddah, two graduates of the Delhi Institute of Technology, started Zomato in 2008 as a food delivery service. Zomato used to go by the name “Foodiebay” until November of last year. When they noticed their coworkers sifting through restaurant menus in search of a place to eat, they were concerned. It was at this point that they had the bright notion of digitising the manual menus.
In 2012, Zomato had expanded its wings over the world and began to display the number of eateries available. After Zomato gained a firm foothold before UrbanSpoon entered the market, it currently has more than one million eateries worldwide and receives 1.25 million orders every day. A passionate food army team from Zomato also visits each establishment to reassure them that their information is safe. Share your thoughts, ideas, and tales based on your dining experiences. Zomato is becoming more sociable because of this campaign.
Online meal ordering is becoming more popular because of Zomato’s user-friendly software. One million people in 22 countries, including New Zealand and Australia are part of this community. Zomato, a smartphone app that lets users order food and have it delivered right to their door, makes it possible for them to do just that.
Interesting Facts About Zomato’s Funding History
A total of 909.6 million was invested in Zomato by various parties. In 2020, Private Equity provided the most recent investment for the company’s operations. A major shareholder in Zomato is Info Edge. In addition, Zomato’s investors, like as Ant Financial, Delivery Hero, Shunwei Capital, and Vy Capital, have made significant contributions to the platform’s global success. Let’s take a closer look at Zomato’s financing history and see some fascinating statistics.