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RISE OF INDIA - AS A STARTUP NATION.pptx

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RISE OF INDIA - AS A STARTUP NATION.pptx

  1. 1. RISE OF INDIA AS A STARTUP NATION BY – KRITI GUPTA AND RIYA BHANDARI
  2. 2. Zomato is an Indian multinational restaurant aggregator and food delivery company founded by Deepinder Goyal and Pankaj Chaddah in 2008. Zomato provides information, menus and user-reviews of restaurants as well as food delivery options from partner restaurants in select cities. As of 2019, the service is available in 24 countries and in more than 10,000 cities. ZOMATO .
  3. 3. • Startup India is an initiative of the Government of India. The campaign was first announced by Indian Prime Minister, Narendra Modi during his speech in 15 August 2015. • The action plan of this initiative is focussing on three areas: ⮚ Simplification and Handholding. ⮚ Funding Support and Incentives. ⮚ Industry-Academia Partnership and Incubation. 3 • An additional area relating to the initiative is to discard restrictive States Government policies within this domain, such as License Raj, Land Permissions, Foreign Investment Proposals, and Environmental Clearances. It was organized by The Department for promotion of industry and internal trade (DPI&IT)
  4. 4. ❑ Startup India is about creating prosperity in India. ❑ Startup India will help boost entrepreneurship and economic development ❑ They ensure that people who have the potential to innovate and start their own business are encouraged with proactive support and incentives at multiple level. ❑ Single Point of Contact via Startup India Hub ❑ Legal Support, Fast Tracking & 80% reduction in patent registration fee ❑ Relaxed Norms of Public Procurement ❑ Easier & Faster Exit 4
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  6. 6. zomato ❑ Zomato (/zoʊmɑːtoʊ/) is an Indian multinational restaurant aggregator and food delivery company founded by Deepinder Goyal and Pankaj Chaddah in 2008. Zomato provides information, menus and user- reviews of restaurants as well as food delivery options from partner restaurants in select cities. As of 2019, the service is available in 24 countries and in more than 10,000 cities. ❑ Zomato was founded as Foodiebay in 2008, and was renamed Zomato on 18 January 2010 as Zomato Media Pvt. Ltd. In 2011, it expanded across India to DelhiNCR, Mumbai, Bangalore, Chennai, Pune and A hm-edabad. In 2012, it expanded operations internationally in several countries, including the United Arab Emirates, SriLanka,Qatar, the United Kingdom, the Philippines,and South Africa. In 2013, expanded to in New Zealand , Turkey, Brazil and Indonesia, with website and apps available in Turkish ,Portuguese, Indonesian and English languages.In April 2014, it launched in Portugal, which was followed by launches in Canada,Lebanon and Irelandin 2015.
  7. 7. ZOMATO - FOUNDERS & TEAM • Deepinder Goyal – Founder and CEO Deepinder Goyal is an IIT Delhi alumnus. After completing his graduation, Goyal was hired by Bain and Company, where he served as a Senior Associate Consultant for a little less than 4 years, after which he founded Zomato. 7 ⮚ The founders of Zomato are Deepinder Goyal and Pankaj Chaddah. Both are IIT graduates and were working with Bain & Co in New Delhi before they came together to launch Zomato. • Pankaj Chaddah – Ex Co-fonder Pankaj Chaddah is a BTech, Mechanical Engineering graduate from IIT Delhi.After graduation he went to join Bain and Company, where he served for two and half years before joining Deepinder to found Zomato. However, this co-founder resigned from Zomato in May 2018, where he served as a "conscience keeper, and a support system during upheavals," as he had described his role, for over 10 years.
  8. 8. ZOMATO - FOUNDERS & TEAM • GAURAV GUPTA– Ex Co- fonder Gaurav Gupta, who initially joined as the Global Head of the Advertising sales of Zomato and COO and was later promoted to the Co-founder position of the platform, resigned on September 14, 2021. Gaurav headed the supply of the foodtech company. 8
  9. 9. ZOMATO - MISSION AND VISION, NAME, TAGLINE, AND LOGO ⮚ Zomato states that their mission "is to ensure nobody has a bad meal.“ ⮚ Zomato had declared that the vision of Zomato "is to be the global platform when someone is looking for food locally.“ ⮚ The founders changed Foodiebay to 'Zomato' to make it more prominent, simple to memorize. ⮚ Zomato's tagline is "Never have a bad meal" 9
  10. 10. ZOMATO - ACQUISITIONS ⮚ In 12 years of its existence, Zomato has acquired close to 14 companies. Their most recent acquisition was Uber Eats - India on Jan 21, 2020. They acquired Uber Eats - India for $206M. ⮚ Zomato has declared that it would be acquiring around 9.3% stakes in Grofers as per the latest filing with the Competition Commission of India. Though this stake is a minor one, the company is looking to acquire Grofers in the long run, added some sources on request of anonymity. ⮚ Through its tweet dated August 13, 2021, the Competition Commission of India (CCI) has sanctioned the Zomato-Grofers deal where the former company will be acquiring 9.3% stakes in Grofers. 10
  11. 11. ZOMATO - PARTNERSHIPS Some of the prominent partnerships of Zomato are: ▪ Zomato has partnered with the government of India for a street food project on February 5, 2021. ▪ Zomato joined hands with InCred to extend credit facilities to restaurant partners on December 21, 2020. ▪ Zomato collaborated with RBL Bank on March 2, 2020, to launch "Edition Credit card" powered by Mastercard. ▪ Zomato and BioD Energy had collaborated to reduce the wastage of cooking oil in the country on October 21, 2019. 11
  12. 12. ZOMATO AS AN UNICORN ❑ In 2018, we witnessed several important milestones for 10-year- old foodtech company Zomato. Apart from launching new programmes, the newly minted unicorn made several acquisitions and raised two rounds of funds from Ant Financials. ❑ The foodtech company has been in business for 10 years now, but in the past year, it has diversified into areas where its competitors are yet to make inroads. Its entry into the supply chain business could be a game-changer if it succeeds. ❑ Food-delivery app Zomato Ltd. became the nation’s first unicorn to make its stock-market debut, raising $1.3 billion with backing from Morgan Stanley, Tiger Global and Fidelity Investments. 12
  13. 13. BUSINESS MODEL ▪ During the initial phase of the company, Zomato used to scan the menu of the restaurants, keep it on the site and the menu was received by people. It still follows the same formula, but has also added other services to its operation. The business model of Zomato is quite different from that of other food delivery company such as Swiggy and Foodpanda. The key partners of Zomato are Uber and London & Partners that could launch Zomato in UK within expected timeline 1 3
  14. 14. While the key resource of the .company is that it has a large database of restaurants across 10,000 cities in 24 different countries. The business model is based on providing local restaurants search services and collecting data on food menus, contacts and providing relevant information to their customers. The main channels for Zomato are the mobile applications and its online website. The target audience of the company are the users who try to find local restaurants of various cuisine and restaurants who want 1 4
  15. 15. Impact of COVID- 19 Pandemic on Zomato Let’s dive in
  16. 16. The advancement and use of smart-phones and internet resulted in improving online services.Zomato is a digital platform combining restaurants and an online food delivery systemlaunched in 2008. The implementation of Lockdown to slow down the spread of pandemicCOVID-19 resulted in badly affecting tourism, transport, economy, and hotel industry. Zomatofood delivery is recovering from the effect of COVID-19 at a rapid rate with ~80% recoveryin metro regions. The revenue in the fiscal year 2020 is increased by 105% and cost by 47%.The main objective of this paper is to understand online food delivery service by using a survey,how Zomato is operating in COVID-19, its effect on the culture of the hotel industry, theintroduction of contactless dinning and challenges. The evaluation of the company is doneusing the SWOT analysis. 1 6
  17. 17. FUNDING & INVESTORS To date, Zomato has raised close to $2.1 billion in funding. Recently (Feb 2021) Zomato closed a $250 million funding round, led by existing investors Tiger Global, Kora, and Fidelity. Zomato's valuation touches $5.4 Billion. In this round, Kora pumped in $115 million, while Fidelity invested $55 million and Tiger Global has invested $50 million. 1 7
  18. 18. Zomato raised funds worth Rs 4,196 crores from its marquee anchor investors, which is supposed to be a part of the anchor book allocation. This fundraising round comes a day before the brand goes public, as per the reports on July 14, 2021. Info Edge India is Zomato's largest 1 8
  19. 19. GROWTH AND REVENUE 1 9 Here's a look at Zomato's growth highlights: ∙ By 2011, Zomato had successfully established a monopoly in Delhi NCR and had moved to other Indian cities like Pune, Bangalore, Chennai, Hyderabad, and Ahmedabad. ▪ Zomato also kept up with the smartphone boom and timely launched its mobile application. This greatly contributed to its growth . ∙ By 2012, Zomato had begun its overseas operations, full-fledged in countries like UAE, Sri Lanka, Qatar, United Kingdom, Philippines, and South Africa. ∙ In 2013, it added Turkey, Brazil, and New Zealand to its ever-growing list of expansions.
  20. 20. 9 . . ∙ In 2013, it added Turkey, Brazil, and New Zealand to its ever-growing list of expansions. ∙ In 2017, Zomato claimed that it was operating profitably in all 24 countries along with rolling out a zero- commission model. The company claimed that its revenue grew by 81% in this particular year. . ∙ In the same year, the online ordering services of the company crossed the mega milestone of 3 million orders per month. ∙ If we look at the numbers, Zomato has recorded a 225% rise in revenue in the first half of Financial Year 2020. . ∙ Zomato delivered its 1 billionth order in July 2021. ∙ Zomato launched Zomato Wings, a platform that is designed to connect investors with the restaurants. “We hope to build the go-to platform for venture capital firms, angel investors, family offices, etc. that are looking to make private investments in restaurants and cloud- kitchens,” Zomato CEO Deepinder Goyal mentioned in a blog. However, Goyal has already made it clear that Zomato would only be a facilitator of fundraising for the restaurants and will not be investing in any of its partner restaurants.
  21. 21. LATEST FUNDING THROUGH IPO 21 IPO Opening Date Jul 14, 2021 IPO Closing Date Jul 16, 2021 Issue Type Book Built Issue IPO Face Value ₹1 per equity share IPO Price ₹72 to ₹76 per equity share Market Lot 195 Shares Min Order Quantity 195 Shares Listing At BSE, NSE Issue Size [.] Eq Shares of ₹1 (aggregating up to ₹9,375.00 Cr) Fresh Issue [.] Eq Shares of ₹1 (aggregating up to ₹9,000.00 Cr) Offer for Sale [.] Eq Shares of ₹1 (aggregating up to ₹375.00 Cr)
  22. 22. ZOMATO IPO TENTATIVE TIMETABLE . . IPO Open Date Jul 14, 2021 IPO Close Date Jul 16, 2021 Basis of Allotment Date Jul 22, 2021 Initiation of Refunds Jul 23, 2021 Credit of Shares to Demat Account Jul 23, 2021 IPO Listing Date Jul 23, 2021 22
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