[38], On 23rd July 2021, Zomato went public, opening its Initial public offering at a price band of Rs 72-76 per share. Innovative Zone India takes you on an excursion of unparalleled creativity and innovation happening across the globe in various realms. After Zomato made some changes, National Restaurant Association of India still refused to accept the modified version of the plan, saying that the corrective measures would not resolve the key issue of deep discounts. Urbanspoon was a restaurant information and recommendation service founded in 2006 by former Jobster employees that offered its services in North America and parts of English-speaking Australasia and Europe. It is a religion. This layoff of the remainder of what was a workforce of 150 in the U.S., at San Francisco, Chicago, Denver, Dallas, Philadelphia, and New York offices, led former employees to report that the company has ceased all U.S. operations, with a Zomato source refining the report to say that some workers will be retained at a couple of sites, including Dallas, the new site of Zomato's U.S. administrative functions. New rules restricting kids under the age of 14 to 3... Top 10 best OTG Oven in India 2021 that Make Cooking Easier By Sanjay Maurya A smaller version of a conventional oven... Top 10 pharma companies in the world - ranking 2021 By Sanjay Maurya Pharmaceutical production and distribution will be impacted... Top 10 company of India 2021, Country Biggest revenue generator  By Sanjay Maurya India is placed 63rd out of... Top 10 best country to work and live in 2021 By Sanjay Maurya When deciding where to move and choose... 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[30][31] .Zomato became a unicorn in February 2018. ... Zomato. Incoming CEO Deshwal is currently a business head at ICICI Bank, responsible for its fast growing services sector, including new age businesses. ), an operational design that had served Zomato well in India. Found inside – Page 137The long list includes UrbanSpoon.com. BigOven.com, Foodista .com, ... As often happens in the land of mergers and acquisitions, Zomato was unable to ... [9] It launched RezBook in 2011, an online reservation booking service for restaurants. In January 2015, Zomato, an India-based restaurant search and discovery service, acquired Urbanspoon. Kamraj later lodged an FIR against Hitesha in Electronic city Police Station for abusing and beating him by slipper. [23], With the introduction of .xxx domains in 2011, Zomato also launched zomato.xxx, a site dedicated to food porn. The hacker removed the stolen content from Dark Web asking for a healthy bug bounty programme. [27][28] In September 2017, Zomato claimed the company had "turned profitable" in all 24 countries where it operated and introduced a "zero-commission model" for partner restaurants. "Zomato lays off Urbanspoon engineering team 7 months after acquisition,", Learn how and when to remove this template message, "Zomato, An India-Based Restaurant Directory Startup, Just Acquired IAC's Urbanspoon To Make Its Move Into The US", "Zomato says goodbye to Urbanspoon, shuts down iconic shake-to-search feature", https://en.wikipedia.org/w/index.php?title=Urbanspoon&oldid=1005559804, Short description is different from Wikidata, Articles needing additional references from May 2015, All articles needing additional references, Articles with unsourced statements from September 2020, Articles needing additional references from November 2015, Articles with unsourced statements from May 2015, Wikipedia articles needing clarification from May 2015, Creative Commons Attribution-ShareAlike License, Cook, John (2015). [12] Its location has been based since its inception in Seattle, Washington, where the company was founded. [7][8] Zomato provides information, menus and user-reviews of restaurants as well as food delivery options from partner restaurants in select cities. [24] In May 2012, it launched a print version of the website named "Citibank Zomato Restaurant Guide," in collaboration with Citibank, but it has since been discontinued. The food delivery market has seen significant growth over the past five years. A rip-roaring account of a career in the ad world by a renowned ad-manA few weeks before Sandeep Goyal turned forty, he resigned from Zee. [37], In August 2020, Zomato drew praise for introducing a period leave policy, allowing female employees to take up to 10 days time off per year if they are unable to work due to menstrual cycle health effects. Zomato fixed the issue within 48 hours of it becoming apparent. Saavn. Found inside – Page 1The result is an eclectic, yet inviting discussion that might occur in a graduate-level symposium on economics, finance, and philosophy. This groundbreaking book focuses on startup valuations--microeconomics. List of online coronavirus resources in India that includes hospital beds, oxygen cylinders, plasma donors and medicines. In 2016, the company acquired Sparse Labs, a logistics technology startup, On 21 January 2020, Zomato acquired its rival, On 29 June 2021, Zomato signed a deal with, This page was last edited on 21 September 2021, at 18:50. [17] In 2013, Zomato was launched in New Zealand,[18] Turkey, Brazil and Indonesia, with its website and apps available in Turkish, Portuguese, Indonesian and English languages. In January 2015, Zomato, an India-based restaurant search and discovery service, acquired Urbanspoon. In January 2015, Zomato, an India-based restaurant search and discovery service, acquired Urbanspoon. Found insideThe book busts some of the common myths around e-commerce businesses and describes the evolution of grocery as the mother of all categories in this sector. [5], The Urbanspoon website evolved in response to the Zomato acquisition, adding content based on the work of new team workers doing door-to-door data collection of restaurant information (menus, hours, etc. Found insideOr is it an unsustainable phenomenon? The Golden Tap gives you the answers. In a remarkably honest, no holds barred account; Kashyap – himself a serial entrepreneur – demystifies the technology ecosystem that exists in India today. [41], In November 2014, Zomato completed another round of funding of US$60 million at a post-money valuation of ~US$660 million. Last year, it bought Delhi-based Impex Healthcare and Mumbai-based Shreeji Distributors Pharma, which together accounted for revenues of over Rs 100 crore ($13.6 million) for … Business reports as of October 2015 indicate either that Zomato-Urbanspoon has ceased all U.S. operations, or that it will retain a couple of sites, including Dallas, the new site of Zomato's U.S. administrative functions. Kamraj denied the allegations and revealed that it was the girl who assaulted and abused him and her nose got hurt by her own ring amidst the scuffle. This is the eBook of the printed book and may not include any media, website access codes, or print supplements that may come packaged with the bound book. 'The dream is to bring really good food at a good price to as many people as possible. It makes Leon sound like a new religion. If so, it's one that can count our judges as among its growing congregation of worshippers. "Zomato makes widespread job cuts, closes Seattle office after shutting down Urbanspoon,", Duryee, Tricia (2015). Zomato confirmed that names, email addresses, and encrypted passwords were taken from its database. [52], On 4 June 2015, an Indian security researcher hacked the Zomato website and gained access to information about 62.5 million users. The $35 million acquisition is Aknamed’s third and most expensive acquisition of a drug distributor in its short lifetime. Going into 2021 with better skills, or starting afresh, might give some career as well as a mental push to many of us. [25], Zomato had also made a name for itself for its prowess in digital marketing. Found inside – Page iThis book will show you how to create a successful startup through developing an innovative product. Bengaluru: PharmEasy has raised $300 million more, led by its existing investors, bringing the total funding received by the online pharmacy since April to $650 million, most of which will be used to fund its ongoing acquisition of diagnostic chain Thyrocare, a top executive told ET. Through this initiative, the company aims to minimize customer contact with anything that someone else might have touched, by eliminating the use of high-touch elements such as the menu, ordering, and bill payments through bar codes or the app while the staff will wear masks. [9] As of 2019[update], the service is available in 24 countries and in more than 10,000 cities. "Windows Phone 8 gets Pandora Radio, Cut the Rope, Urbanspoon and more (Update: Full List)," at, Dudley, Brier (2015), "Business/Technology: Urbanspoon app shutting down after Zomato takeover,", Cook, John (2015), "Zomato confirms acquisition of Urbanspoon, plans to phase out brand as it looks to pick fight with Yelp,", Kennemer, Quentyn (2011), "Urbanspoon Ditches the iOS Look in Latest Upgrade,", Demmitt, Jacob (2015). Found insideWe are publishing the Monthly GK Digest for the Month of June 2019, which Includes articles on important current affairs along with the important government schemes and awards and honours. However, Zomato discontinued the Urbanspoon website on June 1, 2015, redirecting Urbanspoon traffic to Zomato servers; at the same time, Urbanspoon's logo was incorporated into a new Zomato logo. [48][49], In February 2021, Zomato raised US$250 million from five investors, including Tiger Global Management, at a valuation of US$5.4 billion. [26], In February 2017, Zomato announced plans to launch Zomato Infrastructure services, a service to help restaurants expand their presence without incurring any fixed costs. Found inside – Page 1In this landmark book, leadership scholar, author, and consultant Dave Ulrich proposes a “leadership capital index”—a Moody's or Standard and Poor's rating for leadership. Also read the latest news on Covid 19 and corona vaccine tracker in India The … Zomato (previously Urbanspoon) New Delhi-based restaurant portal Zomato, which acquired Urbanspoon, offers online restaurant reviews from professional food critics, bloggers, and diners. In March this year, Piramal Pharma Ltd entered into an agreement to acquire a 100 percent stake in Hemmo Pharmaceuticals for an upfront … WHY CHOOSE A PROFESSION IN DIGITAL MARKETING? The latest recipe book from Joe Cross, star of the inspiring weight loss documentary Fat, Sick & Nearly Dead, contains 101 delicious juice recipes (with 101 pictures!) to optimize your health, help you slim down, and satisfy your taste buds ... Gift Cards Store - Buy/Send Discount E-Gift Vouchers from over 160+ Brands to your loved ones with a personalized touch with GyFTR. It also logged the affected users out of the app and reset their passwords. [47], In October 2020, as part of a Series J round of funding, Zomato raised $52 million from Kora, a US-based Investment firm. She told he delivered her food very late and they both argued and had a verbal duel and then the delivery executive hit her on the nose and escaped. "Rezbook Review: New Opentable Competitor," at, Hallock, Betty (2009), "OpenTable buys Urbanspoon's Rezbook; chefs consider options," at, Shu, Catherine (2015), "Restaurant Discovery Site Zomato Buys IAC's Urbanspoon, Enters The U.S.," at, Soper, Taylor (2015). How Digital Marketing is Changing the Tourism Industry, Digital marketing in the education sector, Univision Automation: Where consistency in the quality is the priority. This book adopts an eclectic approach to the analysis of discourse, and explores topics such as evaluation, identity and intertextuality as they occur in online reviews of hotels, restaurants, recipes, films and other consumer products. Tracking 1.4 million entities through 1,800 feeds categorized across industries, sectors, sub-sectors, geographies, affiliations and networks globally Completely revised and updated, this edition is the ideal book on valuation for CEOs and corporate strategists. On March 23, 2018, RIL announced a strategic merger of its digital music service JioMusic with 'music over-the-top platform' Saavn. Zomato (/ z oʊ m ɑː t oʊ /) is an Indian multinational restaurant aggregator and food delivery company founded by Deepinder Goyal, Pankaj Chaddah, and Gunjan Patidar in 2008. Found insideInside this book you'll find: A tour of typical startup roles to help you determine which one might be the best fit for you Profiles of startup executives across many different functions who share their stories and describe their ... Urbanspoon was a restaurant information and recommendation service founded in 2006 by former Jobster employees that offered its services in North America and parts of English-speaking Australasia and Europe. [citation needed] Users could then participate in the simple "like" or "don't like" rating system to review restaurants, and share restaurant information with friends via email, Facebook, Google+, Twitter, and Pinterest,[citation needed] and by photo pages. Led by platform-to-consumer services, such as DoorDash and Uber Eats, food delivery has expanded from takeaways to anything and everything, adding billions of dollars in potential revenue capture. Saavn. Zomato said the security measures it uses to ensure the stolen passwords cannot be converted back into normal text, but it still urged users who use the same password on other services to change them. According to the company, such tags are placed by individual restaurant owners, and not by Zomato. Zomato is letting go 13% of its workforce, which adds up to around 650 employees. The vendor also shared a trove of sample data to prove it is legit", the Hackread's post said. Herzog Fox & Neeman advised the Israeli Electric Corporation on the deal. Get the latest news and analysis in the stock market today, including national and world stock market news, business news, financial news and more [82] Its premium subscription-based dining out service Zomato Gold had 6,500 restaurants partners and a total of 1.1 million subscribers in India as of August 2019. (2009), "IAC Buys UrbanSpoon Based On Good Recommendations," at, Anon. After hearing Kamraj's story and seeing inconsistencies between Hitesha's accusations and her statements, people including Bollywood actors such as Parineeti Chopra and TV actress Kamya Punjabi started tweeting and campaigning in support of Kamraj. This led Zomato to reduce its workforce by 10%, or around 300 people.[73]. [7], restaurant information and recommendation service, Shu, Catherine (2015). Although 2020 has been a tough year, [13] In 2012, the company expanded operations internationally in several countries, including the United Arab Emirates, Sri Lanka,[14] Qatar,[15] the United Kingdom,[16] the Philippines,[15] and South Africa. List of Mergers & Acquisitions in India. Other acquisitions of 2015 include Mekanist in an all-cash deal. Ltd. [44] This was followed by another US$60 million funding led by Temasek, a Singapore government-owned investment company, along with Vy Capital in September. In September 2014, Zomato acquired Poland-based restaurant search service Gastronauci for an undisclosed sum. Currently, police has stopped the investigation as they did not find any evidence in the case. [80][81] In Pune alone, more than 450 restaurants stopped serving to Zomato Gold because of aggressive discounts and loss of business. These are ordinary women made extraordinary by the single-minded pursuit of their passion, and the courage they showed in the face of adversity. These are their stories. They could be yours. Hacked claimed details of 17 million users had meanwhile been sold on the Dark Web. I was afraid of sharing my ideas when I started my online business in 2015 but now I have too many online business ideas but too less time to implement all of them.. Difference Between Merger & Acquisition. [citation needed], Zomato narrowed down its losses by 34% to ₹389 crore[clarification needed] for the financial year 2016–17, from ₹590.1 crore[clarification needed] in the previous year 2015–16. Zomato reportedly will integrate the Urbanspoon app and Web site over the next few months [of early 2015], "meaning the Urbanspoon brand will be phased out. "[75][76][77] The company's response received positive comments on Twitter,[78] but some customers questioned the use of Jain food and halal tags on food items. I am sharing all my research with you today that would help you to start your online business in India.. In July 2014, Zomato made its first acquisition by buying Menu-mania for an undisclosed sum. Supported with rich company examples—GE, Mahindra & Mahindra, Hasbro, IBM, United Rentals, and Tata Consultancy Services—and testimonies of leaders who have successfully used this framework, this book solves once and for all the ... [45], In October 2018, Zomato raised $210 million from Alibaba's payment affiliate Ant Financial. Unravelling monotonous and repetitive patterns, it helps you to be in the proximity of ingenious and eccentric elites who with their unprecedented creativity have conquered or are conquering the entrepreneurial space. Zomato also acquired Seattle-based food portal, Urbanspoon, for an estimated $60 million in 2015. "[4] Goyal has acknowledged that Urbanspoon was a valuable brand and that Zomato would lose brand equity in the short-term, but that uniformity of product was an aim, and that "to manage two brands within the same company" would be "harder for us [Zomato] in the longer term. Gifts for Different Occasions. Found inside... Zomato, a restaurant search website backed by Sequoia Capital and Info Edge; and advertising platforms InMobi and Quikr have made it to the MensXP list ... Found inside – Page 4653. unicorn of India, joining the list of companies like Flipkart, Zomato and Paytm ... Apple has announced the acquisition of chip-maker Intel”s smartphone ... , Duryee, Tricia ( 2015 ) guide to social media as the major... Ant Financial prowess in digital marketing buying Menu-mania for an estimated $ million! Goodbye to Urbanspoon, for an estimated $ 60 million in 2015 practical tidbits for those fighting day... 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