Total amount raised
$4.4 Billions
Latest funding date
Location
Zomato has successfully raised significant capital through multiple funding rounds, attracting a diverse group of investors. The platform is a prominent player in the food delivery and restaurant discovery space.
Keep reading to explore the intricacies of Zomato's fundraising journey and the investors backing this innovative platform.
What Is Zomato?
Zomato, founded in July 2008 in Gurgaon, Haryana, India, is a leading online restaurant guide and food ordering platform. The company was established by Chaitanya Mathur, Deepinder Goyal, Mohit Gupta, and Pankaj Chaddah.
It allows users to discover, rate, and review restaurants, as well as order meals for delivery. Zomato connects over 55 million users to restaurants in 24 countries.
With a workforce of 1001-5000 employees, Zomato continues to innovate in the food delivery and restaurant discovery space.
How Much Funding Has Zomato Raised?
- Post-IPO Secondary
- Amount Raised: ₹6.1B
- Date: November 2022
- Lead Investors: Camas Investments
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To strengthen the company's financial position and support strategic growth initiatives.
- Post-IPO Secondary
- Amount Raised: ₹30.9B
- Date: August 2022
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand operations and invest in technology.
- Series J
- Amount Raised: $250M
- Date: February 2021
- Lead Investors: Kora
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance service offerings.
- Series J
- Amount Raised: $660M
- Date: December 2020
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support growth and expansion plans.
- Series J
- Amount Raised: $52M
- Date: October 2020
- Lead Investors: Kora
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance technological capabilities and expand market reach.
- Series J
- Amount Raised: $166M
- Date: September 2020
- Lead Investors: Tiger Global Management
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To strengthen the company's market position and invest in new technologies.
- Post-IPO Secondary
- Amount Raised: ₹9.5B
- Date: August 2023
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the expansion of operations and strategic acquisitions.
- Post-IPO Secondary
- Amount Raised: ₹33.4B
- Date: November 2023
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance the company's financial stability and support growth initiatives.
- Post-IPO Secondary
- Amount Raised: $341.5M
- Date: March 2024
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To fund expansion and strengthen the company's market position.
- Post-IPO Equity
- Amount Raised: ₹85B
- Date: November 2024
- Lead Investors: Motilal Oswal Asset Management
- Valuation at Round: ₹2.47 lakh crore
- Motivation Behind the Round: To fuel expansion plans and strengthen the balance sheet.
Zomato has raised a total of $1.5 billion with a current valuation of ₹2.47 lakh crore.
Key Investors
- Motilal Oswal Asset Management
- Details: Motilal Oswal is a prominent financial services company in India, known for its expertise in asset management and wealth management. It was the largest participant in Zomato's recent QIP, investing around ₹1,750 crore.
- Investment Focus Areas: Equity investments, wealth management, financial services.
- Notable Investments: Zepto, various high-growth sectors.
- ICICI Prudential Mutual Fund
- Details: ICICI Prudential is one of India's leading mutual fund houses, offering a wide range of investment products. It picked up 13% of the equity shares in Zomato's QIP issue.
- Investment Focus Areas: Mutual funds, insurance, financial services.
- Notable Investments: Various blue-chip companies and sectors.
- HDFC Mutual Fund
- Details: HDFC Mutual Fund is a major player in India's financial services sector, focusing on mutual funds and asset management. It accounted for 8.68% of the equity shares in Zomato's QIP issue.
- Investment Focus Areas: Mutual funds, asset management, financial services.
- Notable Investments: Financial services, real estate, various high-growth sectors.
- Kotak Mutual Fund
- Details: Kotak is a significant financial institution in India, with a strong presence in mutual funds and banking. It acquired 5.95% of the equity shares in Zomato's QIP issue.
- Investment Focus Areas: Banking, mutual funds, financial services.
- Notable Investments: Banking, financial services, various sectors.
- Tiger Global Management
- Details: Tiger Global is a global investment firm that focuses on private and public companies in the internet, software, consumer, and financial technology sectors. It has been a consistent backer of Zomato in multiple funding rounds.
- Investment Focus Areas: Internet, software, consumer, financial technology.
- Notable Investments: Flipkart, LinkedIn, Spotify.
What's Next for Zomato?
With the recent ₹8,500 crore raised through a Qualified Institutional Placement (QIP), Zomato is poised to capitalize on significant growth opportunities. The funds will primarily fuel the expansion of its quick commerce business, Blinkit, and strengthen its core food delivery operations. The quick commerce sector alone is projected to generate over $6.5 billion in annual run-rate revenues, presenting a substantial market for Zomato to capture.
Future fundraising opportunities appear promising, given the successful QIP and the competitive landscape. Zomato may continue to seek additional funds or consider strategic acquisitions to bolster its market position. However, challenges such as maintaining profitability amidst fierce competition and efficiently utilizing the raised funds to achieve desired expansion remain critical. Navigating these hurdles will be essential for Zomato's sustained growth and market leadership.
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