History of Zomato 

_x000D_ Zomato is a restaurant aggregator and food delivery service provider launched in 2010. The company offers a technology platform that connects restaurants, customers and delivery partners, serving various needs. _x000D_ _x000D_ Zomato's journey began when it was initially established as DC Foodiebay Online Services Private Limited. Over the years, the company underwent several name changes to become Zomato Media Private Limited and later transitioned into Zomato Private Limited. _x000D_ _x000D_ The company released its IPO in July 2021 and is listed on both BSE and NSE. As of the first quarter of FY 2024, Zomato has about 17.5 million average monthly transacting customers. As of March 2023, there were 1.8 million active members for Zomato Gold. _x000D_ _x000D_ The company won the Startup of the Year award from The Economic Times Startup of the Year 2021. _x000D_

Business Segments of Zomato

_x000D_ There are 3 business verticals of Zomato, which include:_x000D_

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• Delivery and dine-out: Customers can use Zomato to explore restaurants, share reviews, order food for delivery, reserve tables, and pay through the app while dining out at restaurants.
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• Restaurant partnering: They provide restaurants with specialised marketing tools to help them attract and connect with customers, thereby expanding their businesses. 
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• Hyperpure: This one-stop procurement solution supplies restaurants with high-quality ingredients and kitchen items. It is available in 8 cities in India. 
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_x000D_ Blinkit is a subsidiary of Zomato. It is a quick commerce platform where customers can buy various products and get them delivered in minutes. Blinkit has about 3.9 million average monthly transacting customers. _x000D_

Key Personalities of Zomato 

_x000D_ Deepinder Goyal, Founder, Managing Director and Chief Executive Officer_x000D_ _x000D_ Deepinder Goyal is the founder of Zomato. Before founding the company, he worked at Bain and Company. He is an integrated master's degree holder in mathematics and studied computing at the Indian Institute of Technology, Delhi._x000D_ _x000D_ Kaushik Dutta, Chairman and Independent Director_x000D_ _x000D_ Kaushik Dutta is a member of the Institute of Chartered Accountants of India. He has over 25 years of experience and was associated with s Price Waterhouse & Co. (PWC), Chartered Accountants LLP, and Lovelock & Lewes, Chartered Accountants as a Partner. He is a co-founder of the Thought Arbitrage Research Institute.  _x000D_

Corporate Actions of Zomato

_x000D_ There are no records of stock splits or bonus shares from Zomato. _x000D_

SWOT Analysis of Zomato

_x000D_ Strengths_x000D_

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• The company is one of India's two leading food delivery service providers.  
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• The company uses AI-based technology to send personalised recommendations to customers. 
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• As of FY 2023, the company has 2,10,000 active restaurant partners on the platform and is well-connected with them on a regular basis. 
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_x000D_ Weakness_x000D_

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• The company is highly dependent on discounts to retain customers.  
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• The margins of the company have been low due to various factors such as delivery costs. The company became profitable only in 2023.
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_x000D_ Opportunities _x000D_

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• Has a high scope to expand in other countries. 
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• There can be several new players in the market, and the company can acquire them to continue to enjoy the duopoly. 
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• Diversify their products or services to other segments of the market. 
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_x000D_ Threats _x000D_

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• The health and safety of delivery partners may result in business disruption.
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• Cyber security incidents can be a threat to the safety of the private information of the customers on the platform.
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