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Delivering on early promise: Charting Zomato’s rise to fame



Zomato, India’s pioneering foodtech unicorn, has seen numerous highs and lows along the way. Zomato’s chances of survival were bleak with the significant layoffs and losses of 2015. To minimise costs in its weaker business elements and transfer the attention to more revenue-generating areas, the company laid off around 300 employees or about 10% of its overall employment.

Zomato, which was started in 2008, is India’s first food-tech unicorn. The business has had its ups and downs, including a high-profile fire sale last year that forced the company’s founder to depart. Deepinder Goyal, the CEO, and Pankaj Chaddah, the co-founder, kept the company on track for expansion. Makes Way For Zomato

Goyal and Chaddah Goyal, both IIT grads who created Foodiebay in 2008, developed Zomato. Zomato’s $1 billion valuations were boosted by a $200 million investment earlier this year. Sequoia Capital, Vy Capital, Temasek, and Ant Financial have all contributed to the company’s current valuation of over $1 billion.

Zomato Eats Around The World

Zomato’s quick expansion into nations other than India can also be linked to its quick growth. Zomato began expanding its services to Sri Lanka, the United Arab Emirates, Qatar, South Africa, the United Kingdom, and the Philippines in 2012. It bought Gastronauci, a restaurant search service in Poland, and Cibando, an Italian restaurant finder, in 2014. 

Zomato, the company behind popular online travel booking site Zoo, announced a massive layoff in 2015. It was also in 2015 that Zomato acquired MapleOS, which would allow it to expand its directory, database, and operations.

A Decade of Experience

Despite the challenging weather, Goyal and Chaddah have done an outstanding job keeping Zomato’s mast up and sailing. The company is currently seeking further capital to grow its service offer and enter new markets. It is competing with Swiggy, which has also achieved unicorn status in a short amount of time.

Swiggy and Zomato have reported monthly cash burns of $10 million to $12 million. Users’ marketing and acquisition costs, such as discounts, coupons, and advertisements, are mostly to blame. At the same time, they’re branching out into innovative services like Zomato, which has dining-out capabilities. The firm isn’t getting rid of Zomato Gold; instead, it’s tweaking the conditions to favour restaurants a little more, and it’s doubling down on Gold for deliveries as well.

2019 And Beyond For Zomato

According to the company’s biannual report, revenue increased by 225% in the first half of FY2020. From March to September 2019, Zomato’s EBITDA (earnings before interest, taxes, depreciation, and amortisation) loss decreased by 40%. The corporation also stated that its monthly burn rate has decreased by 60%.

After adding 73K eateries to its platform, Zomato claims to have seen a 177% growth in restaurant partners. In the first half of the fiscal year 2020, the food aggregation and delivery firm had roughly 119K establishments, up from 43K the previous year. Later this year, Zomato wants to offer a new service in India.

With 1.4 million members, the controversial Zomato Gold service has seen a 180% rise in usage. At a valuation of $3.3 billion, the Bengaluru-based food delivery unicorn is also in talks to raise $500 million in new capital headed by Naspers. With Amazon ready to debut its food delivery services in India, there’s a bigger player on the horizon, but Zomato has its eyes set on grabbing hold of the largest piece of this pie.

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4 Must Reads – Straight from Elon Musk’s recommendation list




Elon Musk’s reading collection includes science fiction classics as well as complicated literature on cutting-edge technologies. His vision as the leader of some of the world’s most valuable companies makes it interesting to take a peek into the inner workings of his mind. Musk is also known for sharing his suggestions on social media. 

Let’s evaluate some fascinating reads from his recommendations.

Steve Jobs, by Walter Isaacson 

This book chronicles the ambitious and adventurous life of Apple’s brilliant entrepreneur and eccentric creator. Steve Jobs covers the man’s successful enterprises, beginning with his early experiences with spirituality and LSD and ending at the pinnacle as a worldwide technology superstar. This is a well-researched book that goes into the thinking of the man behind the world’s most valuable technological business.

Life 3.0, by Max Tegmark

The Brief Introduction to Artificial Intelligence, Elon Musk’s latest book, is one of the few that explores the idea of AI being used for good rather than harm in the world. Max Tegmark, an MIT scientist, addresses how to keep Artificial Intelligence helpful to humans while simultaneously ensuring that technological progress is consistent with humanity’s long-term goals.

The Big Picture, by Sean M. Carroll

The Big Picture is a bold examination of the world we live in and how we may make sense of the vast majority of it through scientific thought. It teaches readers how to think about the most difficult things, such as the origins of life, awareness, and the cosmos itself, using a deductive approach. Sean Carroll is a practicing theoretical physicist with some unique philosophical perspectives. Sean invented the phrase “poetic naturalism”, which is addressed in the book.

Superintelligence, by Nick Bostrom

Superintelligence is intended to be a serious, hard-headed examination of the impending arrival of computers that are far smarter than humans. Musk has often warned about the dangers of unfettered Artificial Intelligence, and this book examines the pitfalls of taking technology too far too soon. 

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Freshwork’s inspiring success story makes employee crorepatis



Freshworks IPO has made 500 employees crorepatis

Freshworks Inc., led by Girish Mathrubootham, became the first Indian Software-as-a-Service (SaaS) company to get on the NASDAQ, which helped the valuation of the company reach a sky-high value of $13 billion.

Through stock options, around 500 of Girish’s employees turned into ‘crorepatis’, out of which 70 are said to be under 30.

Born to a former bank officer in 1975, Girish co-founded Freshdesk (now Freshworks) with Shan Krishnasamy in 2010. Atwell College from Australia was the first of many clients on board. The company managed to get 22 clients worldwide in the initial days.

Entrepreneurship is never a smooth journey, with success never guaranteed. “Success and happiness are two different things – One should focus on staying happy irrespective of what is happening around you. We always hold the key to our happiness,” says Girish.

Girish also mentions how grateful he is to all his employees and that the 500 new ‘crorepatis’ deserved a reward for their contribution over the years. About 4300 of Freshwork Inc’s employees globally hold equity options in the company.

Girish strongly believes in mentorship. He also founded SaaSBooMi, a community of founders who share hard-learned experiences by making these learnings available to all. “Passion and purpose are more important than almost anything else,” said Girish talking about young entrepreneurs looking to leave their mark. In the long run, he hopes to build a SaaS company that is recognized globally.

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Shaji Thomas: The Indian Superhero who is saving the Amazon Rainforest



Global warming, forest depletion, and other hazardous effects on our environment have been increasing rapidly as days go by. There are still a few souls who do everything they can to make sure they somehow play a part in saving us from what is known as the end of our existence.

One such hero is Shaji Thomas. He has been in a fight for the last 26 years to protect and save the Amazon Rainforests of Brazil. Here is a look into his heroic struggle to ensure a better future for us all. 

Shaji Thomas: Guardian of the Amazon Rainforest

Shaji Thomas who hails from Kerala carried his bags and shifted to Brazil as a young student. This young smart superhero is now an environmental conservationist and a lawyer, but what is more fascinating about him is the fact that he stayed back after his education for one special cause.

Shaji Thomas decided to fight and protect the Amazon Forests of Brazil and the rights for the 60 plus communities that reside in the region. This passion began when he was in his mid-twenties and was a part of the Quilombola Community. 

The battle was not easy in the beginning. Thomas had to acquire Brazilian citizenship and become the only Indian-origin lawyer in the region. He stood up to the mafia and lived on a boat in the rivers of the Amazon for years. 

This superhero has been holding up a strong fight for years but there is still a lot of work to do. Climate change is something that has been on the rise leading to major destruction of the rainforests. Thomas claims that almost 20 sq. km burns every year due to forest fires.

Shaji Thomas is working hard every year and inspiring people all over the world to play their part to ensure that the Earth’s lungs are safeguarded, and we have a sustainable future.

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