BLACKBOOK Rough-2
BLACKBOOK Rough-2
A Project submitted to
University of Mumbai for partial completion of the degree of
Master in Commerce
Under the Faculty of Commerce
By
Drishti Nikhil Desai
November 2024
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Certificate
This is to certify that Ms DRISHTI NIKHIL DESAI has worked and duly completed her Project
Work for the degree of Master in Commerce under the Faculty of Commerce in the subject of
Marketing Strategies and Practices and her project is entitled , “ A STUDY ON CONSUMER
PERCEPTION TOWARDS ZOMATO” under my supervision. I further certify that the entire
work has been done by the learner under my guidance and that no part of it has been submitted
previously for any Degree or Diploma of any University.
It is her own work and facts reported by her personal findings and investigations.
Reshmi Vinod
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Declaration by learner
I the undersigned Miss Drishti Nikhil Desai here by declare that the work embodied in this project
work titled “ A STUDY ON CONSUMER PERCEPTION TOWARDS ZOMATO “, forms my
own contribution to the research work carried out under the guidance of Reshmi Vinod is a result
of my own research work and has not been previously submitted to any other University for any
other Degree / Diploma to this or any other University.
Wherever reference has been made to previous works of others, it has been clearly indicated as
such and included in the bibliography.
I, here by further declare that all information of this document has been obtained and presented in
accordance with academic rules and ethical conduct.
Certified by
RESHMI VINOD
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Acknowledgement
To list who all have helped me is difficult because they are so numerous and the depth is so
enormous.
I would like to acknowledge the following as being idealistic channels and fresh dimensions in
the completion of this project.
I take this opportunity to thank the University of Mumbai for giving me chance to do this
project
I would like to thank my Principal, Dr. Sussmita Daxini for providing the necessary facilities
required for completion of this project.
I would also like to express my sincere gratitude towards my project guide and Co-ordinator
Dr. Reshmi Vinod whose guidance and care made the project successful.
I would like to thank my College Library, for having provided various reference books and
magazines related to my project.
Lastly, I would like to thank each and every person who directly or indirectly helped me in the
completion of the project especially my parents and peers who supported me throughout my
project.
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TABLE OF CONTENTS
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CHAPTER-1
INTRODUCTION
There were days when we used to call different restaurants to place orders and again call up for
corrections, directions, and reservations. Then came applications like Zomato, which reversed the
whole scenario and made it extremely simple for consumers.
Deepinder Goyal and Pankaj Chaddah founded Zomato in 2008, which eased the process of food
delivery and eating out, with the help of which we now can enjoy the best food served by the
restaurants in our locality.
Zomato is an Indian food delivery startup restaurant aggregator. It primarily provides concrete
information, menus, and user reviews of the restaurants. Along with this, Zomato also has food
delivery options from partnered restaurants in the selected cities.
Zomato - Industry
The online food delivery industry in India is anticipated to cross INR 2 lakh crore by 2030,
growing at a remarkable 18% CAGR according to a joint report by Bain and Company and
Swiggy.
According to growth projections, the market volume is expected to reach US $81.91 billion by
2028, highlighting the noteworthy influence and continued growth of the online food delivery
sector in India.
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Zomato - Founders and Team
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.
Deepinder Goyal (Co-Founder and CEO) and Pankaj Chaddah Co-Founder of Zomato
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Zomato - Company Highlights
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Zomato - Name, Tagline, and Logo
Zomato Logo
The founders changed Foodiebay to 'Zomato' to make it more prominent and easier to
memorize.
Zomato - Products/Services
Some of the prominent products/services of Zomato are:
Zomato Wings: Linking Restaurants and Investors
Zomato unveiled Zomato Wings, a website that links restaurant owners and investors. Serving as a
fundraising intermediary, Zomato places a strong emphasis on building a connection between
restaurants and venture capital firms to promote expansion in the food sector.
Zomato AI - Revolutionizing Food Discovery
Zomato AI, an innovative AI-powered food discovery companion, is integrated into the platform to
redefine how users interact with food-related services. This advanced feature offers personalized
suggestions, catering to individual preferences, dietary needs, and moods, revolutionizing the
dining experience.
Zomato Future Foundation
Investing in Education: Up to two children of Zomato delivery partners are financially supported
by the Zomato Future Foundation, which focuses on education. The project supports employee
families and provides further education scholarships for top performance, with an annual coverage
of Rs 50,000 per child.
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Zomato's Hyperpure
The B2B food tech vertical Hyperpure by Zomato is revolutionizing restaurant operations. With the
help of this program, restaurants can purchase premium foods straight from farmers and producers,
guaranteeing the consistency, quality, and freshness of their supply.
Zomato Gold
Free deliveries, VIP access during rush hours, and extra savings on dining and delivery services are
all included with this exclusive Zomato Gold membership.
Zomaland
Zomato curates an offline carnival called Zomaland that features interactive installations,
musicians, comedians, and some of the best restaurants in town. The finest of Zomato Collections
are on display at this large event, which provides an immersive experience that goes beyond the
screen.
Xtreme
Zomato's parcel delivery app, Xtreme, was released in October 2023 and allows retailers to send
and receive tiny parcels. Zomato's revenue streams are diversified and its services are expanded
beyond food delivery through Xtreme's utilization of its vast network of delivery partners.
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EXCELLENT FUNDING
Zomato has picked multiple rounds of funding over theyears and because it is now so well
established in many countries, there is a lot of fundingavailable for the app.
BRAND EQUITY
Zomato is valued at $1.4 billion within 7 years of inception. That saysvolumes about the popularity
and love for the brand.
WEAKNESS
OPPORTUNITIES
FUTURE EXPANSION
The number 1 opportunity for Zomato is to expand to morecountries and establish its base faster.
Service industry has a major problem that servicescan be copied very fast and very easily. As a
result, it is critical for Zomato to establish andexpand itself faster.
CLOUD RESTAURANT
Zomato is coming up with the concept of Cloud restaurants whereinrestaurants will not have to get
a physical space to actually sell their food products. Instead,they can sell from Zomato.
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THREATS
GOOGLE SCHEME MODULE
One of the major threats Zomato faces right now is theSchema module of Google wherein google
locations itself is getting in restaurantrecommendations. Even google homepage shows the google
maps page where you cansearch for restaurants within your locality. Google being such a big
brand, zomato faceshuge competition from them.
MARKET FOLLOWERS & CHALLENGER'S
In the service industry, it is very easy to replicatethe success of another service product or offering.
Similarly, marketing followers andchallengers can slowly take away the market share of Zomato.
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Zomato - ESOPs
According to a news story from August 2023, Zomato announced in a BSE filing that it has granted
employee stock option plans (ESOP) worth INR 2.52 crore to a subset of its workers as well as
employees of its subsidiaries.
Zomato has distributed equity shares worth around INR 10.65 crore through various employee
stock option programs (ESOPs). According to an exchange statement, the business stated that
10,64,69,448 fully paid-up shares had been allotted under the Zomato Employee Stock Option
Plans of 2018, 2021, and 2022 by its board, as per the news report of November 2023.
According to a news source dated February 8, 2024, Zomato reported in an exchange filing that its
board has approved the allotment of 10,88,68,081 equity shares with a face value of INR 1.
Zomato - Growth
Zomato has grown far and wide ever since it brought the disruptive idea of food delivery into
the Indian ecosystem of startups.
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.
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• By 2012, Zomato had begun its overseas operations, full-fledged in countries like the UAE,
Sri Lanka, Qatar, the United Kingdom, the Philippines, and South Africa.
• 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. Zomato proudly boasts of serving 1.5+ million orders in a
day.
• Zomato delivered its 1 billion orders in July 2021.
• Zomato had 226,000 average monthly active food delivery restaurant partners.
• Zomato had 352,000 average monthly delivery partners.
• It had 647 million orders and 58 million customers in fiscal year FY23.
• It served more than 800 cities in the same year.
Zomato saw its operating revenue grow by 68.5% from the previous quarter. In Q2 FY25,
revenue reached INR 4,799 crore, up from INR 2,848 crore in Q2 FY24. Hence Zomato’s total
income crosses INR 5,000 crore in Q2 FY25. This strong growth was mainly due to the
expansion of Zomato’s core food delivery business, its B2B Hyperpure division, and Blinkit.
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Zomato Financial Snapshot
Zomato - Competitors
Though Zomato is very predominantly present in the industry, it does face a lot of direct and
indirect competition. Zomato faces direct competition from Swiggy, and competition from other
players, including:
• Faasos
• Box8
• Domino's
• FreshMenu
• Pizza Hut
• TravelKhana
Some of the other international competitors of Zomato are:
• DoorDash
• Uber Eats
• Grubhub Inc.
• Deliveroo
• Postmates
• ChowNow
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CHAPTER 2.
RESEARCH METHODOLOGY
The paper is based on primary and secondary research. Primary data was collected from 30
respondents through a questionnaire prepared to understand the consumer perception of the
brand ‘Zomato’. Secondary data was collected from consumer food blogs, newspaper research
articles & social media pages of Zomato.
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CHAPTER 3.
LITERATURE REVIEW
• Sathish Meena, Senior Forecast Analyst, Forrester Research, says: “Ifyou look
at it even now, the game is of the big players. The funding is coming only for
the big guys. There is a market for food delivery and food tech, but now that the
money is being pumped deeply into one segment”.
• Hart & Stapleton in the year 2013 says: “a statement in very general terms of
how the marketing objective is to be achieved Eg: acquiring a competitive
company, by price reductions, by product improvement, or by intensive
advertising. The strategy becomes the basis of the marketing plan”.
• According to Chavan et al, (2015) digital restaurants use smart phones to take
customer orders. PDA interface was replaced with smart phones to provide
customer user interface to view menu or track their orders. With secured login
system, customers have the facility to view menu, place orders, track their
orders, receive real time updates and make online payment and collect receipts
from smartphone itself increasing customer comfort.
• According to Dwyer and Welsh (1985) Marketing channel strategies refer to the
choice of structure in designing the distribution channel by manufacturers. They
also include influence strategies which refer to content, frequency and intensity
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of communications achieve demonstration of favourable behaviours by their
channel partners.
• Bhavik Rathod, Head of Uber Eats India, says: “It is huge opportunity. The
unorganised food delivery is still $80 billion. And one of the reasons is so
attractive is a problem-can you bring the cost of delivery down so low that the
economies actually become viable? Today with better technology it is easier to
bring the cost of delivery lower with a sizeable business”.
• Sanjay Anandharam Advisor sattva, Volunteer Spirt; Advisor Seed Fund, Idea
spring; Enaiya, Ennovent, KARSEM says: While online kitchen businesses will
raise money and continue to grow, the real battle and fight will be between
players like Zomato and Swiggy”.
• According to Varsha Chavan, et al, (2015), the use of smart phone mobile
interface for consumers to view order and follow has helped the restaurants in
delivering orders from consumers immediately. The increase in uses of smart
phones and computers are giving platform for service industry. Their Analysis
concluded that this process is convenient, effective and easy to use, which is
expected to better day by day in coming times.
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• H.S. Sethu& Bhavya Saini (2016), their idea was to analyse the student’s
perception, behaviour and satisfaction of online food ordering and delivery
applications. Their study shows that online food ordering apps secure their
time due to easily availability. It is also found that visibility of their favourite
food at any point of time and always access to internet,free data are the
main reasons for using the apps.
• Ashoutosh bhargve (2013) said that Food panda an online food ordering
apps has been launched in the Indian market since May 2012. Foodpanda
first major move was acquisition of TastyKhana, which was started in Pune
in year 2007.With acquisition of TastyKhana and JUST EAT, it is now
available in over 200 cities and delivery partner with over 12,000
restaurants. JUST EAT which was launched in Denmark in 2001 and was
listed publicly on the London Stock Exchange is also mentioned. Their
Indian venture was come as Hungry Bangalore in 2006. It was
reintroduced in 2011 when JUST EAT acquired a majority share in the
business. Today, the company partners with over 2,000 restaurants.
• According to Sheryl E. Kimes (2011), his study found that perceived control
and convenience associated with the online food ordering services were
important for both users and non-users. Non-users need more personal
attention and also had high uncertainty towards use of early technologies.
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CHAPTER 4
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INTERPRETATION:- Maximum no of the respondents (90%) order food online.
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INTERPRETATION:- 50% of the respondents order monthly from Zomato, 40%
of the respondents order in Zomato and remaining order daily.
INTERPRETATION:-
Maximum no of the respondents (36.7%) typically order for dinner in Zomato.
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INTERPRETATION:- 93.3% Maximum no. of the respondents prefer to order
food over the mobile app.
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INTERPRETATION:- Maximum no of the respondents ( 50 %) rate 5 for
ordering process in Zomato.
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INTERPRETATION:- 63.3% of the total respondents will not stop using Zomato
if a similar online food delivery app comes in future and 33.3% of the
respondents may stop using Zomato if a similar online food delivery app comes
in future and remaining respondents will stop using Zomato if a similar online
food delivery app comes in future.
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INTERPRETATION:- 100% of total respondents say that the language used
in Zomato application are easy to understand.
INTERPRETATION:- 96.7% of the respondents say that the features of Zomato are
helpful to them in ordering food easily and remaining say that the features of Zomato
are not helpful to them in ordering food easily.
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INTERPRETATION:- Maximum no of respondents ( 76.7% )say that the there
have been no cases of few items missing when it was delivered and remaining
say that there have been cases of few items missing when it was delivered.
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INTERPRETATION:- 83.3% of the respondents say that delivery persons in
Zomato are well behaved and 16.7% of the respondents say that the delivery
persons are of average behavior.
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INTERPRETATION:- 93.3% of the respondents suggest others to buy food in
Zomato and remaining respondents would not suggest others to buy food in
Zomato.
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INTERPRETATION:- ( 30%) Maximum no of the total respondents use Zomato
for easy delivery.
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CHAPTER 5
FINDINGS AND CONCLUSION
5.1. FINDINGS:
5. 50% of the respondents order monthly from Zomato, 40% of the respondents order in
Zomato and remaining order daily.
6. Maximum no of the respondents (36.7%) typically order for dinner in Zomato.
7. 93.3% Maximum no. of the respondents prefer to order food over the mobile app.
8. 30% of the respondents spend more than 500 on ordering food per time, 26.7% of the
respondents spend less than 500 on ordering food per time , 26.7% of the respondents
spend less than 250 on ordering per time and remaining spend less than 150 on ordering
food per time.
9. Maximum no of the respondents ( 50 %) rate 5 for ordering process in Zomato.
10. Maximum no. of total respondents (46.7%) rate 5 for the packaging of food in Zomato.
11. 63.3% of the total respondents will not stop using Zomato if a similar online food
delivery app comes in future and 33.3% of the respondents may stop using Zomato if a
similar online food delivery app comes in future and remaining respondents will stop
using Zomato if a similar online food delivery app comes in future.
12. 36.7% of the respondents have been ordering food through Zomato for more than 2 years
, 30% of the respondents have been ordering food through Zomato from 2 years, 20% of
the respondents have been ordering food through Zomato from 1 year and 13.3% of the
respondents have been ordering food through Zomato from 6 months.
13. 100% of total respondents say that the language used in Zomato application are easy to
understand.
14. 96.7% of the respondents say that the features of Zomato are helpful to them in ordering
food easily and remaining say that the features of Zomato are not helpful to them in
ordering food easily.
15. Maximum no of respondents ( 76.7% )say that the there have been no cases of few items
missing when it was delivered and remaining say that there have been cases of few items
missing when it was delivered.
16. (36.7%) Maximum no of the respondents order food through Zomato for all of the
above reasons.
17. 83.3% of the respondents say that delivery persons in Zomato are well behaved and
16.7% of the respondents say that the delivery persons are of average behavior.
18. 46.7% of the respondents rate 5 for the service in Zomato.
19. 93.3% of the respondents suggest others to buy food in Zomato and remaining
respondents would not suggest others to buy food in Zomato.
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20. Maximum number ( 50%) of respondents rate 5 for the Zomato app.
21. ( 30%) Maximum no of the total respondents use Zomato for easy delivery.
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5.2. CONCLUSION:-
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5.4 BIBLIOGRAPHY
WWW.STARTUPTALKY.COM
https://en.wikipedia.org/wiki/Zomato
https://www.zomato.com/who-we-are
https://www.zomato.com/
https://play.google.com/store/apps/details?id=com.application.zomato&hl=en_IN
&gl= US
https://www.zomato.com/spoonbacks/16502964
https://www.researchgate.net/publication/341010072_A_case_study_on_Zomato_-
_The_online_Foodking_of_India
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5.5 ANNEXURE
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