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Deepinder Goyal Startup Story: Deepinder Goyal belonged to a simple family and completed his studies from IIT Delhi. During the job, he saw that colleagues had to stand in long queues for the restaurant menu. This is where he got the idea of an online food delivery platform and Zomato was started.
Launch and struggle of Zomato
Goyal started Zomato in 2008 along with his friend Pankaj Chaddha. Initially the platform provided menus and reviews of restaurants. But seeing the demand of the customers, it was converted into a food delivery service. In the initial years, he had to struggle a lot to raise funding and stay in the market.
Road to success and investor confidence
Zomato’s popularity started increasing and many investors showed interest in it. Big investors like Sequoia Capital and Info Edge invested in it. This strengthened the company and it expanded to many countries. Zomato also acquired many small companies, which further strengthened its position.
Challenges and criticisms
Despite success, Zomato had to face many difficulties. Customer complaints, delivery partners’ strike and financial losses shook the company. Even at the time of IPO, the company faced losses instead of profits. Despite this, Goyal handled the company with strategic changes.
Deepinder’s vision and the future of Zomato
Deepinder Goyal believes that Zomato should not just be a food delivery platform but should become an all-in-one food technology company. His goal is to establish Zomato in logistics and quick commerce as well. His vision has made Zomato a billion-dollar company.
