Zomato Headed for Profitability; Sees 10x Growth in 5 Years: CEO Deepinder Goyal
India's largest restaurant search and food delivery platform Zomato is on the verge of cracking its maiden profits on the back of rapid expansion into newer cities that have brought more business to both established outlets and 'dark kitchens', creating thousands of jobs, its founder and CEO Deepinder Goyal said.
The company on September 7 laid off 540 employees at its head office in Gurugram across its customer, merchant, and delivery partner support teams, but Goyal insists Zomato is creating more jobs than ever before.
Starting off in 2008 by scanning and putting restaurant menus online, Zomato has expanded to 24 countries and services 10,000 cities globally, he told PTI.
In India, it serves 25 million customers in over 500 cities in India and is valued by analysts at between $...