{"id":1009,"date":"2016-02-09T16:42:08","date_gmt":"2016-02-09T16:42:08","guid":{"rendered":"http:\/\/www.ishwark6.sg-host.com\/?p=1009"},"modified":"2016-03-09T10:31:43","modified_gmt":"2016-03-09T10:31:43","slug":"zomato-food-startup-is-indias-first-e-commerce-unicorn-heading-towards-profitability","status":"publish","type":"post","link":"https:\/\/startup-buzz.com\/?p=1009","title":{"rendered":"Zomato Food Startup Is India\u2019s First E-commerce Unicorn Heading Towards Profitability"},"content":{"rendered":"<p>\u2018<a href=\"http:\/\/www.zomato.com\" target=\"_blank\">Zomato<\/a>\u2019 India\u2019s biggest restaurant search and food delivery startup, early this week has declared that it has risen up in various big markets including India and will definitely hit profitable by mid of 2016.<\/p>\n<p>As soon as it happens , Zomato will become the first Indian e-commerce unicorn to become profitable, it will be a remarkable milestone in a market where Indian startups \u00a0are finding it quite a challenging task to \u00a0attract investors for a subsequent round as none of them are near to profitability. The Gurgaon, New Delhi Based Zomato is estimated at just over $ 1 billion and its backers include Sequioa Capital, Singapore governments Temasek Holdings and Indian ecommerce player, Ingo Edge.<\/p>\n<p>\u201cWe don\u2019t need funding to keep our lights on,\u201d said Deepinder Goyal , 33, founder and CEO of Zomato whose tagline is \u201cNever have a bad meal.\u201d<\/p>\n<p>\u201cOur unwavering focus is on making money. The bulk of our revenues comes from advertising and we have doubled our ad revenues in the last four months while keeping costs stable,\u201d said Goyal, a former Bain &amp; Co executive who set up Zomato as a restaurant search service in 2008 by scanning and putting restaurant menus online. Last year, Zomato came into the list of the food delivery business and table bookings.<\/p>\n<p>Zomato said <span>on Monday<\/span> that it hit operational break-even in its biggest market India, as well as the UAE, Indonesia and three other Asian markets. Goyal said Zomato\u2019s break-even has come from running a very tight ship. \u201cWe are not hiring for the moment, and we are keeping tabs on every little bit of spending we do.\u201d He said Zomato is looking to double its monthly revenues in the next six months.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u2018Zomato\u2019 India\u2019s biggest restaurant search and food delivery startup, early this week has declared that it has risen up in various big markets including India and will definitely hit profitable by mid of 2016. As soon as it happens , Zomato will become the first Indian e-commerce unicorn to become<\/p>\n","protected":false},"author":22,"featured_media":1010,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[21],"tags":[38,68],"class_list":["post-1009","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-start-up","tag-startups","tag-zomato"],"aioseo_notices":[],"jetpack_featured_media_url":"https:\/\/startup-buzz.com\/wp-content\/uploads\/2016\/02\/zomato.png","_links":{"self":[{"href":"https:\/\/startup-buzz.com\/index.php?rest_route=\/wp\/v2\/posts\/1009","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/startup-buzz.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/startup-buzz.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/startup-buzz.com\/index.php?rest_route=\/wp\/v2\/users\/22"}],"replies":[{"embeddable":true,"href":"https:\/\/startup-buzz.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1009"}],"version-history":[{"count":1,"href":"https:\/\/startup-buzz.com\/index.php?rest_route=\/wp\/v2\/posts\/1009\/revisions"}],"predecessor-version":[{"id":1011,"href":"https:\/\/startup-buzz.com\/index.php?rest_route=\/wp\/v2\/posts\/1009\/revisions\/1011"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/startup-buzz.com\/index.php?rest_route=\/wp\/v2\/media\/1010"}],"wp:attachment":[{"href":"https:\/\/startup-buzz.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1009"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/startup-buzz.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1009"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/startup-buzz.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1009"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}