Zomato is the best way to discover great places to eat in your city. Starting today, all women (including transgender people) at Zomato can avail up to 10 days of period leaves in a year,” Zomato Founder and CEO Deepinder Goyal said in a blog post. Share your food journey with the world, Checkin at Restaurants, Bars & Cafes and follow other foodies for personalized recommendations. Zomato … Bengaluru: Food tech unicorn Zomato's founder and CEO Deepinder Goyal said on Friday that it has closed a $660 mn primary financing round, valuing it at $3.9 Billion, adding that December 2020 is expected to be the highest ever GMV month in his history, as food delivery sees a bounce back after the debilitating effects of Covid19. The development comes shortly after Zomato closed US$660 million in a round from Tiger Global, Fidelity, among others, which gave Zomato a post-money valuation of US$3.9 billion. The firm is also now focusing on launching its nutrition business. According to Goyal, 10 new investors are joining the round including Tiger Global, Kora, Luxor, Fidelity (FMR), D1 Capital, Baillie Gifford, Mirae Asset and Steadview Capital. It is a busy day for the good folks active on Twitter. Our easy-to-use app shows you all the restaurants and nightlife options in your city, along with menus, photos, and reviews. The founders changed Foodiebay to 'Zomato' to make it more prominent, simple to memorize and primarily to eliminate the confusion with the website eBay. and many more others. According to Fintrackr, the company’s losses grew 2.4X to Rs 2,385.6 crore in FY20. By extension food delivery platforms such as Swiggy and Zomato -- that are by itself functioning -- have also taken a big hit. Gurgaon-based Zomato is a search app offering detailed information for restaurants as well as online food delivery. In December, Goyal confirmed that Zomato closed USD 660 million (over Rs 4,850 crore) funding round, valuing the company at a post-money valuation of USD 3.6 billion. Zee News App: Read latest news of India and world, bollywood news, business updates, cricket scores, etc. Zomato, which is preparing to launch an IPO in the first half of 2020-21, recently closed a $660 million funding round at a post-money valuation of $3.9 billion. BENGALURU: Zomato's net loss increased by 160% to Rs 2,451 crore in the year ended March 2020 compared to the previous year. Evoking the force majeure clause that frees both parties from liability when … This is applicable for Zomato Gold … Zomato’s revenue nearly doubles, loss widens 160% in 2019-20. The company is also preparing for a public listing this year. By Anwesha Mitra. Zomato closed a $660 million primary financing round at a post-money valuation of $3.9 billion, the platform’s cofounder Deepinder Goyal announced on Friday. Zomato - Name, Tagline, and Logo. Zomato is sustaining the cash burn through the regular inflow of funds from investors. The acquisition of Fitso by Zomato has come a month after it had closed a $600 million financing round at a valuation of $3.9 billion. Zomato clocks 60% larger GMV this New 12 months’s Eve over final yr Zomato closed a $660 million As home-bound Indians ushered within the New 12 months with low-key celebrations, demand for on-line meals supply companies ballooned. Zomato is extending Zomato Gold memberships by four months, in light of lockdowns keeping restaurants closed amid the ongoing coronavirus pandemic. BENGALURU: Zomato and Swiggy have begun renegotiating exclusivity contracts with a slew of restaurants citing a downward impact on business due to the ongoing pandemic, said multiple people aware of the move. Zomato was founded in 2008 and quickly expanded across Asia, Europe and South America. Zomato makes it mandatory for delivery partners to download Aarogya Setu app on their phone. Orders on Swiggy and Zomato have dropped 60 … Zomato’s net losses increased by as much as 160.63% to Rs 2,451.17 crore in the year to March 31, 2020, the company’s regulatory filings sourced from business intelligence platform Tofler showed. Earlier this month, Zomato's founder and CEO Deepinder Goyal said it has closed a $660 mn primary financing round, valuing it at $3.9 Billion, adding that December 2020 is expected to be the highest ever GMV month in its history. Download the Zee news app now to keep up with daily breaking news and live news event coverage . Food delivery startup Zomato is set to close $500 million worth of investment which will take the value of the company to $5.5 billion (approx). And that’s when this venture started being called Zomato, as we know of it today. Online restaurant guide and food ordering platform Zomato has closed $660 million funding round, valuing the company at a post-money valuation of $ 3.6 billion. In December last year, Zomato had closed a $660 million (over Rs 4,850 crore) funding round, valuing the company at a post-money valuation of … The company bought Urbanspoon in 2015 to gain access to the United States and Australia. Zomato is planning an IPO (initial public offering) this year. In today’s post, we will see about Zomato App and try to find out why it is was not working. Food delivery app Zomato’s standalone losses widened 160% to Rs 2,451 crore in the fiscal year … We are sure that you’d like to ask some questions about Zomato App, such as what is Zomato App?, Why Zomato App is not starting?, Why Zomato App is not working properly?, When Zomato App will start again? Bingo, Zomato and Harpic are getting cancelled today, here's why . Food delivery company Zomato has closed a $660 million investment round from marquee investors and is currently in the process of closing a $140 … COVID-19 Destroys Food Business: Swiggy, Zomato Loses 70% Orders, 80% Restaurants Closed. Zomato recently closed a $660 million primary financing round at a post-money valuation of $3.9 billion. Indian food delivery startup Zomato closed a $660 million primary financing round, valuing it at $3.9 billion, its founder and CEO Deepinder Goyal said on December 18. A Zomato food delivery boy takes rest near a closed shop on the outskirts of New Delhi, India on 26 April 2020. According to the investors, companies and restaurants, online food delivery orders for Zomato … Zomato’s losses grew 2.4X to Rs 2,385.6 crore in FY20. Info Edge informs Zomato has closed primary fund raise of $253.4 million from 4 investors The transactions valued Zomato at a post-money valuation of $3.9bn. This list includes Tiger Global, Kora, Luxor, Fidelity (FMR), D1 Capital, Baillie Gifford, Mirae, and Steadview,” he said in a series of tweets. Zomato's tagline is "Never have a bad meal". Ahead of a potential listing on exchanges, Zomato is on the verge of closing a $500 million investment that would value the Gurugram-based company at around $5.5 billion. “10 new investors are joining us in our journey. Ahead of IPO, Zomato set to close $500 million funding businesstoday.in - BusinessToday.In. This could further exacerbate strained relations between the food delivery platforms and restaurants. Earlier this month, Zomato closed a $660-million funding round backed by 10 new investors including Tiger Global Management and Mirae Asset at a post-money valuation of $3.9 billion. Zomato is the best way to discover great places to eat in your city. In a series of tweets, founder and CEO Deepinder Goyal said, “Marquee global investors share our enthusiasm about the future of this business. Revenue grew slower, at … The Government of India introduced the Aarogya Setu contact tracing app to track people coming in close contact with any COVID-19 positive person. Zomato, which is preparing to launch an IPO in the first half of 2020-21, recently closed a $660 million funding round at a post-money valuation of $3.9 billion. With the fresh capital, Zomato is expected to have a valuation of $5.5 billion and $1 billion in cash as it inches closer to an initial public offering (IPO) by June this year. The food delivery company Zomato has closed its massive $660 million funding round in December 2020 even as it is in the process of closing a $140 million secondary transaction, Goyal had … Zomato’s financials (consolidated basis) … Share your food journey with the world, Checkin at Restaurants, Bars & Cafes and follow other foodies for personalized recommendations. It was in 2010 when Foodiebay was officially rechristened as Zomato. The online food delivery and restaurant discovery app plans to go public in the first half of 2021. Our easy-to-use app shows you all the restaurants and nightlife options in your city, along with menus, photos, and reviews. Goyal disclosed details on funding and the business in a … Its EBITDA margins also worsened by 1535 BPS to -80.75% in FY20 and outstanding losses mounted to Rs 4,666.4 crore at the end of fiscal in March 2020. Hong Kong / New Delhi (CNN Business)One of … Zomato has closed a $660 million primary financing round at a post-money valuation of $3.9 billion, said the foodtech unicorn’s co-founder and Deepinder Goyal in a tweet on Friday. Zomato App not working. An initial public offering or IPO in India is unlikely as Zomato is still not near profitability. Founded in 2008 by Deepinder Goyal and Pankaj Chaddah, Zomato is backed by investors that include Ant Financial, Sequoia Capital, Sequoia Capital India, Temasek Holdings, and Vy Capital. 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