Infoedge Investment in Zomato: A Journey to IPO and Beyond

Infoedge Investment in Zomato was a strategic move that marked the beginning of a remarkable journey for the food delivery giant. Infoedge, a leading Indian internet company, invested in Zomato in 2008.

This investment was a crucial turning point for Zomato, providing the much-needed capital to fuel its growth. Infoedge's investment helped Zomato expand its operations and develop its platform.

The investment also brought valuable expertise to Zomato's table, with Infoedge's experienced team contributing to the company's strategic decisions. Infoedge's involvement helped Zomato navigate the competitive Indian food delivery market.

As a result of this investment, Zomato was able to scale its operations and build a strong presence in the market.

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In 2010, Infoedge Ventures invested $10 million in Zomato, which was then a two-year-old start-up.

This investment helped Zomato expand its presence to 11 cities in India.

Zomato's user base grew rapidly, and by 2011, it had reached 1 million users.

The company's revenue also started to pick up, with a reported $1 million in revenue in 2011.

By 2013, Zomato had expanded to 24 cities in India and 7 cities in other countries.

The company's user base had grown to 20 million users.

In 2015, Infoedge Ventures invested another $60 million in Zomato.

This investment helped Zomato expand its presence to 25 countries and 1,000 cities.

Zomato's revenue had grown to $100 million by 2015.

The company's user base had grown to 50 million users.

By 2019, Zomato had expanded to 24 countries and 1,500 cities.

The company's revenue had grown to $400 million by 2019.

Zomato's user base had grown to 150 million users.

Zomato has made significant progress in its financial journey. The company had a total investment of Rs 86 crore from Info Edge, which now has a majority stake of 57.9% in Zomato.

Zomato claims to have a 70% market traffic share among all online restaurant guides in India. This is a remarkable achievement, especially considering its traffic grew by 250% over the last year.

The company has also achieved EBITDA break even in December 2012, thanks to its strong financial performance. This milestone is a testament to Zomato's ability to manage its costs and scale its operations efficiently.

Zomato's revenue growth has been impressive, with more than 1,500 restaurants as paying customers in India. The company has also expanded its operations to five countries, including India, UK, UAE, Sri Lanka, and Qatar.

Here's a summary of Zomato's financial milestones:

Zomato's financial milestones demonstrate its ability to scale its operations and achieve significant revenue growth.

Zomato is coming up with its IPO, which is expected to be a significant event in the Indian startup economy.

The company has already filed the IPO papers in SEBI, and the size of the IPO is estimated to be around Rs. 8,250 Cr.

There will be an Offer for Sale of Rs. 750 Cr. by the parent company 'InfoEdge', which currently holds around 18.4% stake in Zomato.

This stake may be reduced by 1%-1.5% to 16%-17% post the IPO.

Zomato's IPO is expected to be a major milestone in the company's growth story, and it will be interesting to watch the developments and listing of the IPO in the future.