Total amount raised
$4.4 Billion
Latest funding date
11/1/2024
Location
Zomato has successfully raised funding over 25 rounds, with the latest being a Post-IPO Equity round. The company is backed by 43 investors, including HDFC Mutual Fund and ICICI Prudential Mutual Fund.
Keep reading to explore the intricacies of Zomato's fundraising journey and the investors backing this innovative platform.
What Is Zomato?
Zomato, founded in 2008, is a prominent player in the food delivery and restaurant discovery industry. Headquartered in Gurgaon, Haryana, India, the company has grown significantly, employing between 5001 and 10000 people.
Founded by Deepinder Goyal and Pankaj Chaddah, Zomato allows users to search for restaurants, browse menus, and place orders for food delivery. The platform boasts an extensive reach, partnering with over 300,000 restaurants and serving more than 800 cities.
With a strong focus on innovation, Zomato offers features like healthy options, scheduling orders, and special offers. The company also supports restaurants through its supply chain solution, Hyperpure, and engages in various related services.
How Much Funding Has Zomato Raised?
- Post-IPO Secondary
- Amount Raised: $341,500,000
- Date: March 2024
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance operational capabilities and expand market reach.
- Post-IPO Secondary
- Amount Raised: INR 33,360,000,000
- Date: November 2023
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support strategic growth initiatives and enhance technological infrastructure.
- Post-IPO Secondary
- Amount Raised: INR 9,470,000,000
- Date: August 2023
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand market presence and improve service offerings.
- Post-IPO Secondary
- Amount Raised: INR 6,076,000,000
- Date: November 2022
- Lead Investors: Camas Investments
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance operational efficiency and scale business operations.
- Post-IPO Secondary
- Amount Raised: INR 30,880,000,000
- Date: August 2022
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support expansion into new markets and enhance technological capabilities.
- Series J
- Amount Raised: $250,000,000
- Date: February 2021
- Lead Investors: Kora
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and invest in new technology.
- Series J
- Amount Raised: $660,000,000
- Date: December 2020
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand market reach and enhance service offerings.
- Series J
- Amount Raised: $52,000,000
- Date: October 2020
- Lead Investors: Kora
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support technological advancements and operational expansion.
- Series J
- Amount Raised: $166,000,000
- Date: September 2020
- Lead Investors: Tiger Global Management
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance market presence and improve service quality.
Zomato has raised a total of $1,469,500,000 in funding. The current valuation is not publicly disclosed.
Key Investors
- Motilal Oswal Asset Management
- Details: Motilal Oswal Asset Management is a prominent financial services company in India, known for its asset management and brokerage services. It emerged as the largest investor in Zomato's recent QIP, acquiring 21% of the shares issued.
- Investment Focus Areas: Equity investments, mutual funds, financial services.
- Notable Investments: Zepto, various Indian equities, mutual funds.
- ICICI Prudential Mutual Fund
- Details: ICICI Prudential is a leading mutual fund house in India, offering a wide range of investment products. It acquired 13% of the shares in Zomato's QIP.
- Investment Focus Areas: Mutual funds, insurance, asset management.
- Notable Investments: Swiggy, various blue-chip companies, diversified sectors.
- HDFC Mutual Fund
- Details: HDFC is one of India's largest financial conglomerates, providing a variety of financial products and services. It invested 8.68% in Zomato's QIP.
- Investment Focus Areas: Banking, insurance, asset management, real estate.
- Notable Investments: Swiggy, banking sector, housing finance.
- Kotak Mutual Fund
- Details: Kotak is a major financial services conglomerate in India, known for its banking and asset management services. It acquired 5.95% of the shares in Zomato's QIP.
- Investment Focus Areas: Banking, asset management, insurance.
- Notable Investments: Swiggy, financial services, diversified sectors.
- Kora
- Details: Kora is an investment firm that focuses on high-growth sectors. It has been a key investor in Zomato's Series J funding rounds.
- Investment Focus Areas: Technology, financial services, consumer goods.
- Notable Investments: Not publicly disclosed.
What's Next for Zomato?
Zomato's future looks promising with significant opportunities on the horizon. The company is poised to expand its quick commerce business, Blinkit, leveraging the ₹8,500 crore raised through a Qualified Institutional Placement (QIP). This substantial financial boost will enable Zomato to enhance its service offerings and market reach, positioning itself as a leader in the rapidly growing quick commerce sector.
Future fundraising opportunities appear bright, given the successful QIP and the increasing interest from institutional investors. Zomato may continue to attract substantial investments to support its strategic growth initiatives, including potential acquisitions to bolster its market position. The company's ability to raise funds efficiently indicates a strong potential for future financial activities.
However, Zomato will face challenges such as intense competition from rivals like Swiggy and Zepto, and the operational complexities of scaling up its quick commerce services. Maintaining profitability while expanding and managing investor expectations will be crucial for Zomato's sustained growth. Despite these challenges, Zomato's strategic focus and robust financial backing position it well for future success.
Use Clay to Get Funding Data
Sales professionals, take your strategy to the next level by leveraging Clay's platform to access comprehensive fundraising data on companies like Zomato and gather other critical business insights. Sign up for free and unlock the potential of detailed, actionable information to drive your sales success.
