Zomato was established in 2008 by IIT Delhi alumni Deepinder Goyal and Pankaj Chaddah as Foodiebay. It aimed to convert paper restaurant menus into a digital app. In 2010, Foodiebay was renamed Zomato to go international. Zomato allows users to locate restaurants, enables restaurants to advertise, and has food reviewers. It faces challenges like data breaches and controversies over religious preferences of delivery agents. Zomato acquired various companies and launched new services like Hyperpure supplies platform and Zomaland food carnivals to expand. It has raised over $2.6 billion in funding from investors, becoming valued at $5.4 billion as it prepares for an IPO