Skip to main content
C
CorpDigest
Search

Zomato

Food DeliveryFounded 2008
Reviewed by Swet Parvadiya
Company data updated: October 2026
Independent Editorial Analysis
11 historical events · Editorial analysis

Zomato Company Profile: Revenue, Business Model & Strategy

Research depth: 11 milestones · 7 FAQs

Zomato is an Indian food delivery platform founded in 2008 by Deepinder Goyal and Pankaj Chaddah. Its parent, Eternal Limited (NSE: ETERNAL), also runs Blinkit, District and Hyperpure. Eternal reported FY26 revenue from operations of ~$6.31 billion (₹54,364 crore) and is led by Group CEO Albinder Dhindsa.

How Zomato makes money: Zomato food delivery earns commissions and advertising fees from restaurants, plus delivery and platform fees from customers. Blinkit sells groceries and everyday goods through a network of dark stores.

Revenue & employeesCEO historyFoundersBusiness model
Annual Revenue (FY2026)~$6.3B
Employees7,500
CEOAlbinder Dhindsa
Founded2008
IndustryFood Delivery
By Swet ParvadiyaLast reviewed:
Data sources: annual reports, SEC filings, methodology
Industry:Food Delivery

Zomato key figures

Zomato had revenue of ~$6.3B for fiscal year 2026, up 168.6% from FY2025. Net income was ~$42.5M, a net margin of 0.7%.

Source: Eternal Q4FY26 results · Last reviewed October 2026

Revenue growth, FY2022 to FY2026
+89.8% a year
Compound annual rate, ~$486.3M to ~$6.3B
Peak revenue year
FY2026
The latest annual year is the highest in this series
Revenue per employee
~$840,830
FY2026 revenue divided by 7,500 employees; headcount may use another date
Documented transactions
4
Between 2017 and 2024
Founded
2008
18 years ago
Where was Zomato founded?
Zomato was founded in New Delhi, India in 2008.
When did Zomato start?
Zomato was founded in 2008.
Who founded Zomato?
Zomato was founded by Deepinder Goyal and Pankaj Chaddah.
How old is Zomato?
Zomato is 18 years old as of 2026.
In-Depth Analysis
336 words · 2 min read

Zomato and Eternal

Zomato is the food delivery app that started Eternal Limited, a group listed on the NSE and BSE under the symbol ETERNAL. Deepinder Goyal and Pankaj Chaddah founded the company as Foodiebay in 2008 and renamed it Zomato in 2010. The listed entity took the name Eternal in 2025. It now runs four businesses: Zomato, Blinkit, District and Hyperpure.

From menus to delivery

Foodiebay began by putting restaurant menus online in Delhi NCR. Zomato grew into a restaurant discovery platform, started food delivery in 2015 and bought Uber Eats India in an all-stock deal in 2020. It listed on Indian exchanges in July 2021 after a ~$1.09 billion (₹9,375 crore) IPO.

Blinkit and District

Zomato acquired Blinkit, formerly Grofers, in 2022. Blinkit delivers groceries and everyday goods from dark stores and has become the group's largest business by revenue. In 2024 Zomato bought Paytm's movie and events ticketing business for ~$238 million (₹2,048 crore) to build District, its going-out app.

Financials

For FY26 (year ended March 31, 2026), Eternal reported consolidated revenue from operations of ~$6.31 billion (₹54,364 crore), up from ~$2.35 billion (₹20,243 crore) in FY25, and net profit of ~$42.5 million (₹366 crore). Much of the revenue jump comes from Blinkit's move to inventory-led sales, which records the full value of goods sold as revenue. In Q4 FY26, B2C net order value rose 54% year on year to ~$3.12 billion (₹26,880 crore), and adjusted EBITDA was ~$49.8 million (₹429 crore). In Q1 FY27, revenue from operations was ~$2.34 billion (₹20,211 crore) and consolidated net profit was ~$10.7 million (₹92 crore).

Leadership

Deepinder Goyal stepped down as Group CEO on February 1, 2026, and became Vice Chairman. Albinder Dhindsa, who co-founded Blinkit and led it after the acquisition, succeeded him.

Risks

Quick commerce in India is crowded. Blinkit competes with Swiggy Instamart, Zepto and offerings from large e-commerce groups. The cost of adding dark stores and the thinner margins of inventory-led retail could keep Eternal's profit low relative to its revenue.

Table of Contents

Zomato Key Facts

CompanyZomato
Annual revenue change+168.6% (FY2025–FY2026)
Financials~$6.3B (FY2026, last reviewed October 2026)
Market Cap$28.0B
FY2026 net income~$42.5M
Last reviewedBy Swet Parvadiya, Founder & Editor - October 2026
Founded2008
Founder(s)Deepinder Goyal, Pankaj Chaddah
CEOAlbinder Dhindsa
HeadquartersGurugram, Haryana, India
IndustryFood Delivery
Employees7,500+
TickerETERNAL

Zomato Company Profile: Revenue, Business Model & Strategy

"Zomato began as a website for scanned restaurant menus. It is now one of four businesses inside Eternal, a listed group whose largest unit is Blinkit."

Why Zomato Wins

It runs a profitable food delivery business alongside a large quick-commerce network. Both draw on the same delivery and customer base, and the cash from food delivery helps fund Blinkit's expansion.

Zomato operates in a competitive market alongside Swiggy, Zepto (Zepto Limited), Blinkit. Analysts frequently compare Zomato and Swiggy due to their overlapping products, target markets, and strategic positioning. See full comparison →

Zomato is an Indian food delivery platform founded in 2008 by Deepinder Goyal and Pankaj Chaddah. Its parent, Eternal Limited (NSE: ETERNAL), also runs Blinkit, District and Hyperpure. Eternal reported FY26 revenue from operations of ~$6.31 billion (₹54,364 crore) and is led by Group CEO Albinder Dhindsa.

Revenue

~$6.3B

Founded

2008

Employees

8K+

Market Cap

$28.0B

Author: CorpDigest Research DeskCompany Research

Key Facts

  • Founded: Zomato was established in 2008 and is headquartered in Gurugram, Haryana, India.
  • Revenue: Zomato had ~$6.3B in annual revenue (FY2026).
  • Valuation: Market capitalization of approximately $28.0B.
  • Scale: Zomato employs 7,500 people globally.
  • Business Model: Zomato food delivery earns commissions and advertising fees from restaurants, plus delivery and platform fees from.
  • Competitive Edge: Eternal combines a large food delivery business that already makes a profit with Blinkit's growing quick-commerce.

How Zomato Makes Money

Capital Allocation & Scaling Mechanics

Zomato food delivery earns commissions and advertising fees from restaurants, plus delivery and platform fees from customers. Blinkit sells groceries and everyday goods through a network of dark stores. Since 2025 it has moved toward owning its inventory, so it now books the full value of those sales as revenue. District earns fees from dining-out payments, movie tickets and live events. Hyperpure sells ingredients and supplies to restaurants.

Explore Zomato In Depth

📅Zomato History & Milestones💼How Zomato Makes Money📊Zomato Revenue & Financials⚔️Zomato Competitive Strategy & SWOT👤Zomato Founders & Origin Story🏆Zomato CEO History & Leadership🤝Zomato Acquisitions & Deals

What Is Zomato's Growth Strategy?

Eternal treats food delivery as its source of cash and Blinkit as its main growth engine. It is also scaling District for dining out, movies and live events.

How Much Revenue Does Zomato Generate?

Revenue from operations grew from ~$1.41 billion (₹12,114 crore) in FY24 to ~$2.35 billion (₹20,243 crore) in FY25 and ~$6.31 billion (₹54,364 crore) in FY26. Most of the FY26 jump reflects Blinkit's move to inventory-led sales; Eternal put like-for-like adjusted revenue growth at 64% in Q4 FY26. FY26 net profit was ~$42.5 million (₹366 crore). In Q1 FY27 (April to June 2026), revenue from operations was ~$2.34 billion (₹20,211 crore) and consolidated net profit was ~$10.7 million (₹92 crore).

Financial MetricEstimated Value (2026)
Net Worth / Valuation$26.00 Billion
Market Capitalization$28.0B
Employee Count7,500 +
Latest Annual Revenue~$6.3B (FY2026)

Historical Revenue Chart

Zomato Annual Revenue History

Figures are in the currency each year was reported in.

Fiscal YearRevenue FigureYoY Change
FY2022~$486.3MN/A
FY2023~$821.2M+68.9%
FY2024~$1.4B+71.1%
FY2025~$2.3B+67.1%
FY2026~$6.3B+168.6%

The source for each year is listed on the Zomato financials page.

Core Strength

Food delivery generates cash, and Blinkit has become the group's largest revenue source. Eternal reported Blinkit's first EBITDA-positive quarter in Q4 FY26.

Key Weakness

Net profit of ~$42.5 million (₹366 crore) on FY26 revenue of ~$6.31 billion (₹54,364 crore) leaves little room for error.

Deep Dive into Zomato SWOT Analysis

Who Are Zomato's Main Competitors?

Zomato and Swiggy split most of India's food delivery market between them. In quick commerce, Blinkit competes with Swiggy Instamart, Zepto, Flipkart Minutes and Amazon Now. Eternal reported in April 2026 that Blinkit was EBITDA positive for the first time. Eternal, the parent company, uses its profitable food delivery business to pay for Blinkit's expansion, along with the ~$986 million (₹8,500 crore) it raised from institutional investors in 2024. Revenue from operations grew from ~$1.41 billion (₹12,114 crore) in FY24 to ~$2.35 billion (₹20,243 crore) in FY25 and ~$6.31 billion (₹54,364 crore) in FY26. Most of the FY26 jump reflects Blinkit's move to owning its inventory, which books the full value of each sale as revenue. The constraints are the capital needed to keep adding dark stores and thin margins on those inventory-led sales.

Top CompetitorsHead-to-Head Analysis
SwiggyCompare vs Swiggy→

What Is Zomato's Full Historical Timeline?

Historical Timeline & Strategic Pivots

Key Milestones

2015 -

Zomato bought the US restaurant guide Urbanspoon in January 2015.

Risks & Weaknesses

Analytical Assessment

Primary Risk Factor

Spending on quick-commerce competition and dark store expansion could hold down profits for longer than investors expect.

Risk assessment based on public filings, SWOT analysis, and verified industry data. Not financial advice.

How Did Zomato Start and Grow?

Established

2008

Fiscal Revenue (FY2026)

~$6.3B

Workforce

8K+

HQ Location

Gurugram, Haryana, India

Explore Zomato In Depth

Detailed research across every dimension of Zomato — history, financials, leadership, and strategy.

Company History

Zomato started in 2008 as Foodiebay, a website that put restaurant menus online in Delhi NCR. It was renamed Zomato in 2010, grew into a restaurant discovery and review platform, and began food delivery in 2015.

Full Zomato history →

Revenue & Financials

Zomato had ~$6.3B in revenue for fiscal year 2026. Data covers 5 fiscal years. Market capitalization stands at approximately $28B.

Zomato financials →

Founders

Zomato was founded by Deepinder Goyal, Pankaj Chaddah in 2008. Explore each founder's background, motivations, and their role in building the company.

Zomato founders →

CEO & Leadership

Zomato is currently led by Albinder Dhindsa. Explore the full CEO history — leadership transitions, tenures, and the strategic decisions of each chief executive.

Zomato CEO history →

Business Model

Zomato food delivery earns commissions and advertising fees from restaurants, plus delivery and platform fees from customers. Blinkit sells groceries and everyday goods through a network of dark stores.

How Zomato makes money →

Acquisitions

Zomato has completed 4 documented acquisitions. Explore the full acquisition history and strategic rationale behind each deal.

Zomato acquisitions →

Competitive Strategy

Eternal treats food delivery as its source of cash and Blinkit as its main growth engine. It is also scaling District for dining out, movies and live events.

Zomato strategy →

Related Company Comparisons

CorpDigest Research Desk

 Research Profile

Our analysts compile business strategy profiles from public financial filings, press releases, and analyst reports. Each profile is reviewed for accuracy before publication by our editorial desk and updated on a rolling basis.

About the Author →Our Methodology →

Frequently Asked Questions About Zomato

What is the relationship between Zomato and Eternal?

Eternal Limited is the listed parent company, formerly called Zomato Limited. Zomato remains the brand of its food delivery app.

Who is the CEO of Eternal?

Albinder Dhindsa has been Group CEO since February 1, 2026. Founder Deepinder Goyal is now Vice Chairman.

What was Eternal's FY26 revenue?

Eternal reported consolidated revenue from operations of ~$6.31 billion (₹54,364 crore) and net profit of ~$42.5 million (₹366 crore) for the year ended March 31, 2026.

What is Blinkit?

Blinkit is Eternal's quick-commerce app. It delivers groceries and everyday goods from dark stores. Zomato acquired it in 2022.

What is District?

District is Eternal's app for dining out, movie tickets and live events. It grew out of the ticketing business Zomato bought from Paytm in 2024.

Did Zomato originally just scan menus?

Yes, when it was originally founded as 'Foodiebay' in 2008, the founders were literally just scanning physical paper restaurant menus and uploading them to a website for their coworkers to see.

Does Zomato own Blinkit?

Yes, in 2022, Zomato completely acquired Blinkit (formerly Grofers) for roughly $568 million, aggressively plunging headfirst into the highly competitive 10-minute quick-commerce grocery market.

Analysis: How Zomato Makes Money

Deep dive into the Zomato business model, revenue streams, and strategic moats in 2026.

Competitor Benchmarking

Zomato vs Swiggy

Compare

Financial data on this page is sourced from SEC EDGAR filings, official earnings releases, and verified press statements. Revenue figures are reviewed and updated periodically. Read our full data methodology ->

Explore More Brand Histories

This corporate intelligence report on Zomato compiles data from verified filings. Explore more detailed brand histories and company histories in the global Food Delivery marketplace.

Full Company Directory ->

Related Companies to Zomato

Flipkart
E-Commerce
Swiggy
Food DeliveryCompare
Meesho
E-Commerce
PhonePe
Financial Technology
Razorpay
Financial Technology

Compare Zomato With

Z
S
Zomato vs Swiggy
Strategic Head-to-Head

Editorial Methodology

Company Research

We use company filings, annual reports, company statements and press reports, with primary sources preferred where available. Each financial row shows its recorded source. Full-year figures are separated from annualized run-rates, partial periods and forecasts; unaudited figures carry a label. Source detail varies by company, so check the linked material when the reporting basis matters.

1. Primary Sources

Public companies may provide filings and annual reports. Private-company figures may come from statements or press coverage. A missing figure stays missing, and a source link should identify where its number came from.

2. Expert Curation

We organize company records and review claims for strategic context, source quality and clarity. Pages show a review date where one is recorded.

3. Multi-Pass Audit

Technical checks flag inconsistent figures and missing links. Editorial review of the underlying source remains necessary for claims those checks cannot verify.

Swet Parvadiya
SEC filings & public records methodology
Sourced from public financial records

Explore Related Pages for Zomato

History & FailuresTimeline, setbacks, and key milestonesBusiness ModelHow they make money and market productsFinancialsRevenue history and fiscal metricsCompetitive StrategyRivals, benchmarks, and SWOT analysis

Sources & References

The data and narrative synthesized in this intelligence report were verified against primary sources:

Related Competitor Intelligence

Compare market positioning with top industry peers

Competitor

Swiggy

View Competitor Intelligence
Competitor

Zepto

View Competitor Intelligence
Competitor

Blinkit

View Competitor Intelligence
Competitor

Flipkart

View Competitor Intelligence
Competitor

Meesho

View Competitor Intelligence
Competitor

Razorpay

View Competitor Intelligence

Explore Zomato

Core profile pages, founders and related research hubs for this company.

Content is for informational purposes only. Not financial advice. Data sourced from SEC filings, annual reports, and public records. See our full disclaimer and methodology.