Zomato
Company History
Zomato History: Founding, Growth & Key Milestones
Founded 2008 in New Delhi, India
When was Zomato founded?
Zomato was founded in 2008 in New Delhi, India by Deepinder Goyal and Pankaj Chaddah, making it 18 years old.
- Founded
- 2008
- Founding place
- New Delhi, India
- Founders
- Deepinder Goyal and Pankaj Chaddah
- Headquarters today
- Gurugram, Haryana, India
- Milestones documented
- 11 (2008–2026)
- Current CEO
- Albinder Dhindsa
- Acquisitions
- 4
| Year | Event |
|---|---|
| 2008 | Deepinder Goyal and Pankaj Chaddah launch Foodiebay, an online restaurant menu directory. |
| 2010 | Foodiebay is renamed Zomato. |
| 2010 | Zomato Named |
| 2015 | Urbanspoon Acquired |
| 2017 | Acquired Runnr |
| 2020 | Zomato acquires Uber Eats India in an all-stock deal. |
| 2021 | Zomato lists on the NSE and BSE after a ~$1.09 billion (₹9,375 crore) IPO. |
| 2022 | Zomato acquires Blinkit (formerly Grofers) in an all-stock deal. |
| 2024 | Zomato buys Paytm's movie and events ticketing business for ~$238 million (₹2,048 crore) and launches District. |
| 2025 | Zomato Limited is renamed Eternal Limited and its stock symbol becomes ETERNAL. |
| 2026 | Albinder Dhindsa succeeds Deepinder Goyal as Group CEO on February 1. FY26 revenue from operations reaches ~$6.31 billion (₹54,364 crore). |
- Where was Zomato founded?
- Zomato was founded in New Delhi, India in 2008.
- Who founded Zomato?
- Zomato was founded by Deepinder Goyal and Pankaj Chaddah.
- When did Zomato start?
- Zomato was founded in 2008.
- How old is Zomato?
- Zomato is 18 years old as of 2026.
Founding Story
Deepinder Goyal and Pankaj Chaddah were consultants at Bain & Company in New Delhi. They noticed colleagues struggling to find takeaway menus and began putting menus online. In 2008 they launched Foodiebay as a restaurant menu directory. Info Edge became an early investor, and the site was renamed Zomato in 2010.
Founders
Deepinder Goyal
Deepinder Goyal co-founded Foodiebay, later Zomato, in 2008 and served as CEO until February 1, 2026. During that time he led the 2021 IPO, the Blinkit acquisition and the 2025 rename to Eternal. He is now Vice Chairman of Eternal. Deepinder Goyal was born in 1983.
Pankaj Chaddah
Pankaj Chaddah co-founded Zomato (originally Foodiebay) in 2008 with Deepinder Goyal. He led the company's massive early international expansion, launching the restaurant discovery platform across dozens of countries in the Middle East and Southeast Asia. He managed core operations as the company pivoted into aggressive food delivery before stepping down from active management in 2018. (Exact birth year remains publicly undisclosed).
Key Milestones
Deepinder Goyal and Pankaj Chaddah launch Foodiebay, an online restaurant menu directory.
Source: en.wikipedia.orgFoodiebay is renamed Zomato.
Source: en.wikipedia.orgUrbanspoon Acquired
Zomato bought the US restaurant guide Urbanspoon in January 2015.
Source: en.wikipedia.orgZomato acquires Uber Eats India in an all-stock deal.
Source: en.wikipedia.orgZomato lists on the NSE and BSE after a ~$1.09 billion (₹9,375 crore) IPO.
Source: en.wikipedia.orgZomato acquires Blinkit (formerly Grofers) in an all-stock deal.
Source: en.wikipedia.orgZomato buys Paytm's movie and events ticketing business for ~$238 million (₹2,048 crore) and launches District.
Source: en.wikipedia.orgZomato Limited is renamed Eternal Limited and its stock symbol becomes ETERNAL.
Source: en.wikipedia.orgAlbinder Dhindsa succeeds Deepinder Goyal as Group CEO on February 1. FY26 revenue from operations reaches ~$6.31 billion (₹54,364 crore).
Source: business-standard.comMajor Acquisitions
Blinkit (formerly Grofers)
2022Entry into quick commerce through an all-stock deal.
Paytm entertainment and ticketing business
2024Bought Paytm's movie and events ticketing business for ~$238 million (₹2,048 crore).
Uber Eats India
2020All-stock acquisition; Uber received a 9.99% stake in Zomato.
Runnr
2017Acquired a delivery logistics startup to support food delivery.
Keep researching Zomato
Zomato Company History FAQ
When, where, and how was Zomato originally founded?
Zomato was founded in 2008 in New Delhi, India, by Bain & Company consultants Deepinder Goyal and Pankaj Chaddah, initially launched as restaurant menu directory Foodiebay.
When did Foodiebay rebrand to Zomato and enter food delivery?
Foodiebay officially rebranded as Zomato in November 2010 to avoid conflict with eBay, pivoting from a simple dining directory into online restaurant food ordering and delivery in 2015.
When did Zomato complete its historic initial public offering?
In July 2021, Zomato completed its landmark IPO on the NSE and BSE, raising $1.3 billion as India's first major consumer internet unicorn to list on domestic stock exchanges.
What was the landmark acquisition of Blinkit in 2022?
In August 2022, Zomato acquired quick-commerce pioneer Blinkit (formerly Grofers) for ₹4,447 crore ($568 million) in an all-stock transaction, establishing immediate market leadership in 10-minute deliveries.
When did Zomato achieve group-level GAAP profitability?
In the first quarter of fiscal year 2024 (mid-2023), Zomato reported its first-ever quarterly GAAP net profit of ₹2 crore, expanding into thousands of crores in annual net profits by 2025.
What is the 'Eternal' corporate group structure?
Deepinder Goyal reorganized the company under the umbrella brand 'Eternal,' housing four distinct business engines: Zomato (food delivery), Blinkit (quick commerce), Hyperpure (B2B supplies), and District (events).
How did Zomato acquire Paytm's entertainment ticketing business in 2024?
In August 2024, Zomato acquired Paytm's entertainment ticketing and live events platform for ₹2,048 crore ($244 million) to power its new 'District' lifestyle and ticketing business vertical.
How did the acquisition of Uber Eats India in 2020 strengthen Zomato?
In January 2020, Zomato acquired Uber Eats' Indian operations in an all-stock deal that gave Uber a 9.99% stake, instantly consolidating the Indian food delivery market into a duopoly with Swiggy.
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