Zomato’s Revenue Grew Over 2.5 Times in FY 2014-15

Zomato has reported a revenue of INR 95 crores in FY 2014-15

Zomato has reported a revenue of INR 95 crores in FY 2014-15

While Zomato’s sales team is probably working hard to allay their CEO’s worries about meeting their sales target, here is a quick snapshot of how they have performed in the past!

Zomato, incorporated in 2010, was co-founded by Deepinder Goyal and Pankaj Chaddah. It provides a restaurant search and discovery service through its website and mobile app. Zomato is present across 23 countries including India, UK, US, Australia, etc. and claims to be used in over 10,000 cities.

Zomato Media Private Limited, the owner company of Zomato, has filed its latest revenue figures with the Registrar of Companies. It has reported a revenue of Rs. 95 crores in FY 2014-15. This is more than 2.5 times the previous year’s revenue of INR 36 crores.

Financial performance of Zomato

Out of the reported revenue of Rs. 95 crores in FY 2014-15, Rs. 78 crores has been reported as ‘Revenue from advertisements ‘. Remaining Rs. 16 crores is reported to be from other sources, these include Rs. 14.7 crores from ‘Net gain on sale current investment’ and Rs. 1.4 crores from bank deposits. The company incurred expenses of Rs. 166 crores in FY 2014-15, thus making a loss of Rs. 72 crores as compared to a loss of INR 37 crores in the previous fiscal.

Out of Rs. 166 crores, the biggest expense for the company is employee expense at Rs. 98 crores. As per their website, their team comprises of over 2000 ‘Zomans’. The company was in the news recently for firing 300 employees.

The following graph summarises their financial performance over the past 5 years

Zomato Chart

Shareholding Pattern

Info Edge (India) Limited is the largest shareholder in Zomato with 45.3%. The founders own 19.92% shares in the company. The shareholding pattern is as below:

Shareholders %age Shares Held
Founders 19.92 %
Info Edge (India) 45.30 %
Sequoia Capital 17.02 %
Naukri Internet Services 4.80 %
VY Investments 3.6 %
Others 9.36 %

With a series of international acquisitions in food-tech space over the past two years and its foray into the online food ordering this year, Zomato seems to be all set to be one of the global leaders in this space.

Disclaimer: This is a guest post. The statements, opinions and data contained in these publications are solely those of the individual authors and contributors and not of iamWire and the editor(s).

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