A Research Project On
A Research Project On
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CERTIFICATE
This is to be certify that the project entitled “A Study of Marketing Strategies of Zomato”
OF BUSINESS ADMINISTRATION degree examination, has not been submitted for any other
examination and does not form part of any other course undergone by the candidate. It is further
certified that he has completed her project as prescribed by BBA Department, G.S.College Of
Place: Nagpur
Date:
G.S. College of Commerce and Ecomomics, Nagpur
DECLARATION
I here-by declare that the project with title “A Study on Of Marketing Strategy of Zomato’’ has
Nagpur and this hasnot been submitted for any other examination and does not form the part of any
Place:Nagpur
ACKNOWLEDGEMENT
With immense pride and sense of gratitude, I take this golden opportunity to express my sincere
regards to Dr. Praveen Mustoor, Principal, G.S. College of Commerce & Economics, Nagpur.
am extremely thankful to my Project Guide and sincere regards to Co-Ordinator, Dr. Afsar Sheikh
for his guideline, enthusiastic suggestions and invaluable encouragement which helped me in the
completion of the project. I will fail in my duty if I do not thank the non Teaching staff of the college
for their Co-operation. I would like to thank all those who helped me in making this project complete
and successful.
Place: Nagpur
1. INTRODUCTION 1-9
5.4HYPOTHESIS
8. FINDINGS 39-40
9. SUGGESTION 41-43
INTRODUCTION
INTRODUCTION
WHAT IS MARKETING?
Marketing refers to any actions a company takes to attract an audience to the company's product or
services through high-quality messaging. Marketing aims to deliver standalone value for prospects
and consumers through content, with the long-term goal of demonstrating product value,
A marketing strategy refers to a business’s overall game plan for reaching prospective consumers
and turnin them into customers of their products or services. A marketing strategy contains the
company’s value proposition, key brand messaging, data on target customer demographics, and
The story of Zomato started in the office of Bain & Company in Delhi. Deepinder and Pankaj
worked at this company when they thought of this idea. They saw people standing in a queue at
lunchtime and give the order for their food when their turn came. From there they got an idea of
“Foodiebay” which became a prologue to Zomato. At first, they started scanning all the menu items
of the restaurant and listed them on their intranet website Foodiebay.com. Later on, after seeing a
huge surge in their traffic, they decided to launch their website open to the public. They began listing
restaurants from Deli NCR on their portal and quickly expanded to other cities like Kolkata and
menu Onto their company’s private network. Everyone at the company soon started using this
service and there was a sudden surge in the website traffic.By now this wasn’t just confined to the
walls of their office. Everyone else around their vicinity also started using these scanned copies.
The first professional restaurant menu that Deepinder and Pankaj uploaded onto their site was that
of Hauz Khas in Delhi. After this, they started expanding this idea into other metropolitan cities of
the country including Kolkata, Mumbai, and Bangalore.And once a word was around, thousands of
people started using their website to get to know about the best restaurants around. It was this interest
from people around that encourage both Pankaj and Deepinder to think of going PAN India with
this idea.
This is when the idea of renaming the site came into their minds. They wanted something with more
of a punch and something easier to remember and hence came the word ZOMATO in November
2010.The founders then wanted to make life a little easier for their users and hence came the idea
of building a mobile application. With this growth in their business and their ideas arose a need for
funding.
One of the reasons why they decided to change the name in late 2010 from Foodiebay to Zomato
was that they wanted a powerful brand name. After endless debate over several cups of coffee, they
came up with the name Zomato. Decided to keep the idea of food at the center and choose a name
that is short, easy to remember and makes people think of food. Zomato’s got a zing to it and is
When the founders launched this website, it wasn’t called Zomato back then, it was called Foodiebay.
And it initially started out in Delhi, then the services were extended to cities like Mumbai and
Kolkata. With the tremendous user base and growth rates that Foodiebay brought in to the founders,
they decided to modify it and take it international. And that’s when this venture started being called
Zomato, as we know of it today. It was in 2010 when Foodiebay was officially rechristened as
Zomato.
The founders changed Foodiebay to 'Zomato' to make it more prominent, simple to memorize and
primarily to eliminate the confusion with the website eBay. Zomato's tagline is "Never have a bad
meal".
The main source of revenue for Zomato now is the advertisements channel that the portal offers to
display. This accounts for most of its revenue followed by the commissions that it charges to the
Hyperpure by Zomato is changing the way restaurants work. It is Zomato’s B2B foodtech vertical.
Hyperpure allows restaurants to buy everything online from vegetables, fruits, poultry, groceries,
meats, seafood to dairy and beverages. It claims to be working directly with farmers, mills,
producers, and processors to source these products thus ensuring quality and consistency.
One of the biggest challenges faced by any fast-growing company is finding the right talent to fuel
growth. Today they have a team of about 650 people globally and are looking at tripling that number
in the nearn future. They keep innovating in the ways they hire and try to ensure that people fit in
well in terms of skill, culture and attitude. However, the challenge continues to be finding the right
people for the right job. Another major challenge has been to make sure that they have covered each
and every street in the cities they’re launching in. The information needs to be relevant and
comprehensive for users to keep coming back to use our product. Data collection teams in each city
hit the streets on a daily basis and collect data first hand. One thing learned while going international
is that there is no alternative to doing own market research or data collection. They send out teams
to scout a market before decide to launch there and have their own teams working on gathering data
This idea of Deepinder’s and Pankaj’s impressed Sanjeev Bikhchandani, the founder of Naukri.com.
In December of 2010, Sanjeev Bikhchandani provided Zomato with a funding of 1 million USD
through his company Info Edge India and from here on, there was no looking back.The next round
of funding that they got was again from Info Edge India and this time it was 3.5 million USD and
again in the year 2013, Zomato received a staggering 10 million USD from Info Edge India which
made Info Edge India a holder of nearly 50% of the shares in the start-up. Other investors for Zomato
The funds just kept coming in after this. By the end of 2018, it is estimated that Zomato would’ve
received a funding of more than 300 million USD. This funding then gave Zomato the idea of
expanding into more cities across India apart from Delhi, Bangalore, Kolkata, and Mumbai. So, they
moved into Hyderabad, Ahmedabad, Pune, Chennai, etc. In September 2012, Zomato launched its
services in Dubai, Sri Lanka, United Kingdom, South Africa, Turkey, and New Zealand.
The main work of Zomato is to suggest local and nearby restaurants to users and receive orders from
them. Users can place orders from their favorite restaurant based on ratings and reviews shared by
previous customers.Perhaps this is why more and more startup owners are interested in developing
an app similar to Zomato. It offers comfort to the users and helps business owners reach their local
□ Step 1: From the desiccated app solution or website, users can explore various restaurants and
order meals.
□ Step 2: Particular restaurant owners receive an order request and start preparing a meal.
□ Step 3: Once the food is ready to dispatch, it will be handed over to delivery providers.
□ Step 4: Delivery providers deliver the meal to the customer’s preferred location.
□ Step 5: From the given payment options, customers can make payments and share reviews based
on their experience.
Food is the prime mover for anyone across the globe. Of course, there are many people who yearn
for food and to taste a variety of cuisines that are available. The furtherance in the technology has
paved a way for the creation of many innovations and it is no less to mention that food delivery app
development is one among them.In this extravagantly ornate system, it has become hard for every
person to disburse time on everything. Besides, cooking food after a busy day entails a lot of time
and that is what that has gained huge rage about these food delivering applications, where food will
For all these ingenious thoughts, there are those unusual people who have a perfect understanding
of all the trends and so are these people Pankaj Chaddah and Deepinder Goyal. They are the master
brains behind this great food delivery application 'Zomato'. Zomato has been and is the most widely
used ordering application that attracted many customers with its innovatory strategies.
THE FORMULA OF ZOMATO'S SUCCESS
The founders of Zomato, Deepinder Goyal and Pankaj Chaddah consider that hiring the correct
persons is the primary reason for their company's startling growth and moreover, it was also the
greatest hurdle encountered by them while building Zomato. Now, they have a squad who are vital
ZOMATO - STRATEGIES
SEO STRATEGY :-
Zomato has a strong SEO strategy. We have already discussed that Zomato gets approx 66% of its
traffic from searches made online. With their SEO efforts, they manage to get 99.44% of organic
traffic from its search ratio whereas their paid searches are just 0.56%. This explains why they have
a strong SEO strategy.Such an uprising metrics is because of the SEO strategy of Zomato.
An app that targets the customers of the 18-35 age group, cannot miss social media marketing.
Zomato understands that most of its target groups are active social media users. So, it focuses on
creating social media ads and creates engaging posts to connect with the audience.
Zomato targets over 900K keywords to rank high in search results. That’s why it is has a dominant position
in search results. The keywords include restaurant names, dish names, and some phrases that relate to the
user’s search query like “cafes near me” or “order online food,” etc.
TARGETED AUDIENCE :-
Zomato targets people of the age group of 18-35 years who are comfortable using smartphones.The
people of this age group are tech-savvy and can use mobile applications. The target audience of
Zomato is of 2 categories.
CHAPTER – 2
COMPANY PROFILE
COMPANY PROFILE
COMPANY PROFILE
SUB-INDUSTRY : Restaurants
Zomato Media Pvt. Ltd. provides an an online food and nightlife guide service. TheCompany
operates a website and mobile app that provides in-depth information includingmenu, contact details,
pictures, directions, ratings, and reviews for a multitude ofrestaurants. Zomato Media extends its
services throughout global networks.Founded in 2008, Zomato is a leading platform for restaurant
search & discovery, onlinefood ordering, and restaurant table reservations. The company was
Gurugram).Featuring a robust review system, Zomato allows foodies to find the best meals
andrestaurants in their neighborhood. A notable aspect about Zomato is that it is among the
fewcompanies that have gone global after starting operations in India. Zomato currentlyfeatures
KEY EXECUTIVES
SWOT ANALYSIS
STRENGTH
One of the best competitive advantages of Zomato is that it isthe first mover in many of the nations
where it is establishing itself. Directories and otherforms of restaurant ratings might exist. But as an
app Zomato is excellent and manycountries (like India) have loved the usability of the Zomato app.
EVERGREEN INDUSTRY
The restaurant industry is an evergreen industry. Sure, there may berecessions and other downturns
which might affect the industry. But overall, this industry isgoing to stick around at all times and is
FAST EXPANSION
It is appreciative that Zomato has expanded so fast. It is already in 24countries and is expanding
year on year.
Zomato has regularly won awards for its app design andfor its user-friendliness. The App design is
fantastic and it helps you discover restaurantsnearby as well as in an area you are going to visit.
EXCELLENT FUNDING
Zomato has picked multiple rounds of funding over theyears and because it is now so well
BRAND EQUITY
Zomato is valued at $1.4 billion within 7 years of inception. That saysvolumes about the popularity
WEAKNESS
A major issue for Zomato in the past has been somesecurity issues due to which the app was hacked
and at least 17 million users data wascopied. Such security issues are a nightmare for internet
companies.
Considering that the app has established in 24countries, there is good expansion. But at the same
time, the app has been started 7 years back and with the amount of funding available for Zomato,
the expansion can be muchfaster. It is allowing other services to establish themselves in this niche
Besides such apps, in many places word ofmouth still trumps apps and at the same time, Facebook
check-ins are a strong competitorwherein people might not need Zomato. Thus, it is an app for early
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,
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.
THREATS
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,
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.
CHAPTER – 3
LITERATURE REVIEW
LITERATURE REVIEW
This paper has been prepared after a thorough research from a number of articles and research pieces
Determined a noticeable growth in e-commerce with a similar growth in the online food industry.
They used Technology Acceptance Model (TAM) model to study the online food ordering system.
Ease and usefulness of the online ordering and delivery services has been emphasized as a major
factor towards the acceptance and growth of these services and an important reason for consumer
Determined several factors like geographical coverage and customer support to analyze the
responses that customers usually have with respect to these. This was accompanied by a complete
interpretation of usage of social media effectively by the brand. This was aided by a PESTLE and
pricing strategy analysis of the brand. The positioning and communication strategy of the brand was
Did a comprehensive study on the infrastructure of Zomato including factors like Zomato treats,
Zomato Gold etc. and effectively correlated it with the sales management techniques of the brand.
This was done keeping in mind sales planning, sales documentation, automation and other key
factors. The study concluded by pointing out certain problems in the implementation and overall
management of the system in terms of recruitment and data authentication. This was followed by a
Conducted a market and consumer analysis for Zomato with special emphasis on new and upcoming
opportunities for the brand. This was done by conducting a SWOT analysis and a further study on
emerging markets. Furthermore, Porter's FIVE FORCE ANALYSIS was also carried out to aid the
research. Industry rivalry- Local and global completion were taken into account. Overall, the study
regarded Zomato as an excellent means of serving customers as it rated well on several consumer
Published a study on the Zomato in the form of a case study. The study aimed at an overall analysis
of the brand by taking into account several parameters like marketing strategies, competitive
strategies and global avenues. This study has been extremely useful in understanding the overall
PROBLEM DEFINITION
PROBLEM DEFINITION
One of the biggest challenges faced by any fast-growing company is finding the right talent to fuel
growth. Today they have a team of about 650 people globally and are looking at tripling that number
in the near future. They keep innovating in the ways they hire and try to ensure that people fit in
well in terms of skill, culture and attitude. However, the challenge continues to be finding the right
people for the right job. Another major challenge has been to make sure that they have covered each
and every street in the cities they’re launching in. The information needs to be relevant and
comprehensive for users to keep coming back to use our product. Data collection teams in each city
hit the streets on a daily basis and collect data first hand. One thing learned while going international
is that there is no alternative to doing own market research or data collection. They send out teams
to scout a market before decide to launch there and have their own teams working on gathering data
to ensure accuracy and exhaustiveness. In fact, it was encouraging for the team to see Pankaj,
Zomato’s Co-Founder and COO, sweating it out on the streets collecting data in the Dubai
RESEARCH STUDY
5. RESEARCH STUDY
1. Financial performance
3. International expansion
5. Data availability
1. Data availability
2. Geographical diversity
Hypothesis is usually considered as the principal instrument in research. Its main function is to
suggest new experiments and observations. In fact, many experiments are carried out with the
NULL HYPOTHESIS- H0: There is no correlation between the marketing/positioning strategy and
RESEARCH
METHODOLOGY
RESEARCH METHODOLOGY
Methodology includes the overall research procedures, which are followed in the research study.
This includes Research design, the sampling procedures, and the data collection method and analysis
research and non-experimental research. The major difference between the two methodologies lies
in the control of extraneous variables by the intervention of the investigator in the experimental
research.
RESEARCH DESIGN
A research design is defined, as the specification of methods and procedures for acquiring the
Information needed. It is a plant or organizing framework for doing the study and collecting the data.
Designing a research plan requires decisions all the data sources, research approaches, Research
1. Exploratory research.
2. Descriptive studies
EXPLORATORY RESEARCH
The major purposes of exploratory studies are the identification of problems, the more precise
Formulation of problems and the formulations of new alternative courses of action. The design of
specific research Questions. The investigator already knows a substantial amount about the research
problem. Perhaps as a Result of an exploratory study, before the project is initiated. Descriptive
PRIMARY DATA
These data are collected first time as original data. The data is recorded as observed or encountered.
Essentially, they are raw materials. They may be combined, totalled but they have not extensively
SECONDARY DATA
The Secondary data collected has been collected from books, journals, broachers, internet and other
secondary sources. Official Publications, Publications Relating to Trade, Journal/ Newspapers etc.
CHAPTER – 7
INTERPRETATION
7.1 Age classification
Table 7.1
15-20 22 42.3%
21-25 25 48.1%
26-30 3 5.8%
31 to above 2 3.8%
Total 52 100%
Chart 7.1
INTERPRETATION:
The above table and chart shows that there are 22(42.3%) respondents of 15-20 age
Table 7.2
Male 21 40.4%
Female 31 59.6%
Total 52 100%
Chart 7.2
INTERPRETATION:-
The above table and chart shows that there are 21(40.4%) respondents of MALE
Table 7.4
Daily 3 5.8%
Weekly 11 21.2%
Monthly 12 23.1%
Rarely 26 50%
Total 52 100%
Chart 7.3
INTERPRETATION:
The above table and chart shows that there are 3(5.8%) respondents of DAILY
Table 7.4
Total 52 100%
Chart 7.4
INTERPRETATION:-
The above table and chart shows that there are 20(38.5%) respondents of VERY AWARE
group.
7.5 Which marketing channel do you think Zomato utilize effectively?
Table 7.5
Telivision 4 7.7%
Email marketing - -
Others 4 7.7%
Total 52 100%
Chart 7.5
INTERPRETATION:-
The above table and chart shows that there are 36(69.2%) respondents of SOCIAL MEDIA
company's Growth?
Table 7.6
Yes 42 80.8%
No - -
Total 52 100%
Chart 7.6
INTERPRETATION:-
The above table and chart shows that there are 42(80.8%) respondents of
Table 7.7
Agree 23 45.1%
Neutral 15 29.4%
Disagree 1 2%
Total 52 100%
Chart 7.7
INTERPRETATION:-
The above table and chart shows that there are 12(23.5%) respondents of STRONGLY AGREE
services?
Table 7.8
Yes 33 63.5%
No 5 9.6%
Total 52 100%
Chart 7.8
INTERPRETATION:-
The above table and chart shows that there are 33(63.5%) respondents of YES
Table 7.9
website
Other 6 11.5%
Total 52 100%
Chart 7.9
INTERPRETATION:-
The above table and chart shows that there are 18(34.6%) respondents of DISCOUNTS AND OFFERS
Table 7.10
Neither 5 9.6%
Swiggy 6 11.5%
Both 20 38.5%
Total 52 100%
Chart 7.10
INTERPRETATION:-
The above table and chart shows that there are 18(34.6%) respondents of DISCOUNTS AND OFFERS
Table 7.11
Other 7 13.5%
Total 52 100%
Chart 7.11
INTERPRETATION:-
The above table and chart shows that there are 18(34.6%) respondents of DISCOUNTS AND
FINDINGS
FINDINGS
• According to the survey most of the people rarely use zomato for ordering food.
• According to the survey of the people are aware about the marketing strategy of zomato.
• According to the suevey most of the people says that zomato utilizes social media as
marketing channel effectively.
• According to the survey most of the respondent says that zomato marketing strategies have
contibuted to the companies growth.
• According to the survey people have mix rating on zomato’s growth comapred to its
copetitors.
• According to the servey people says discounts and offers is the most appealing aspect of
zomato’s marketing.
• As per the survey most of the respondent prefer both swiggy and zomato for food delively.
• According to the survey most of the people says delivery time is one of the factor that
influence them to choice between zomato and swiggy.
CHAPTER – 10
SUGGESTION
SUGGESTION
ZOMATO is basically an online food related guidebook. They can add some new featureswhich
will give them competitive advantage to be successful in doing business.Some ofthese features can
be :-
KIDS MEALS
In recent times, the number of working women has increased. They havelimited time for family.
Because of that, in Tiffin times their kids are not getting hygienemeal. For this type of kids
ZOMATO can offer healthy and light meals for them by tyingup with restaurants and convincing
AWARDS TO CUSTOMERS
They may award the valued customer on how many times theyorder food through ZOMATO
after certain time.. Those customers whose no. of orders isthe highest will be awarded with a free
meal.
STORY TELLER
They can add option where people can get chance to share theirexperiences with ZOMATO in
their website. After every month they select a winneramong those story tellers and will offer them
a free meal. By this way, we will be able toimprove their service and offer the best to the
customers.
SENIOR CITIZENS MEAL'S
In our country, senior citizens are not willing to go torestaurants for their various health issues.
And for this they are not getting the essence ofgood meal. So, ZOMATO is going to offer them
ZOMATO doesn’t use customized app for each target marketwhich is troublesome for users.
They should customize their website and app for eachtargeted customer segment. Such as there are
some people in our country who do notunderstand English properly. For this reason, ZOMATO
can add HINDI or other regionallanguages feature so that all people understand and get a chance
CONCLUSION
CONCLUSION
The Zomato is used by consumers globally to discover, rate, and review restaurants, as well
ascreate their own personal networks of fellow food enthusiasts for trusted recommendations.
In addition to restaurant search and discovery, Zomato has expanded its offering to
In the beginning they did not concentrate on making money but as the website geared up,they
saw business prospects in it. They then modeled it in a way that their hardwork pays offin the
form of monetary benefit.With 62.5 million registered users, Zomato is a platform where on can
get in touch withfoodies around the world. Taking advantage of this, big restaurants place
which this portal generates revenue is by the sale of tickets to food festivalsand culinary events.
They also have clients who seek their advice in making their business better, which is also a part
of their business model.With the launch of its cashless transaction, they have made it easy for
customers to pay their bills without carrying cash, and in turn they benefit from the commissions
they are entitledto.The implementation of new ideas is one of the many things which have paved
REFERENCE
REFERENCE
LINKS:-
□ https://innov8.work/blog/swiggy-zomato-food-startups-in-india/
□ https://inc42.com/buzz/zomato-financials-2017/
□ https://www.yosuccess.com/success-stories/zomato-success-story/
□ https://www.whizsky.com/2017/08/case-study-zomato-global-indian-company/
□ https://economictimes.indiatimes.com/small-biz/startups/newsbuzz/zomato-ceo-claims-100-
million-in
annualised-revenue-run-rate-40-growth-in-last-2-months/articleshow/63414145.
REFERENCE:-
'could do harm'.
2. Bughin, J., Hazan, E., Manyika, J., & Woetzel, J. (2017). Artificial Intelligence: The Next
3. Hoanca, B. and Forrest, E. (2015). Artificial Intelligence: Marketing's Game Changer - IGI
Global
4. Kaput, M. (2016, November 1). The Marketer's Guide to Artificial Intelligence Terminology.
https://www.marketingalinstitute.com/blog/the-marketers-guide-to-artificial-intelligence-
termina log Accessed: 6 November 2018. 6. Lee, C., Wang, M., Yen, S., Wei, T., Wu, L. Chou, P.
ANNEXURE
ANNEXURE
PROFILE FORM:-
• EMAIL-ID
• NAME
• AGE
• GENDER
• DAILY
• WEEKLY
• MONTHLY
• RARELY
• VERY AWARE
• SOMEWHAT AWARE
• NOT AWARE
EFFECTIVELY?
• SOCIAL MEDIA
• INFLUENCER MARKETING
• TELEVISION
• EMAIL MARKETING
• OTHERS
• YES
• NO
• NOT,SURE
COMPETITORS?
• STRONGLY AGREE
• AGREE
• NEUTRAL
• DISAGREE
• STRONGLY DISAGREE
• YES
• NO
• NOT SURE
QUE-7 WHAT ASPECTS OF ZOMATO’S MARKETING DO YOU FIND THE MOST
APPEALING?
• VARIETY OF RESTAURANT
• OTHER
• ZOMATO
• NEITHER
• SWIGGY
• BOTH
SWIGGY?
• DELIVERY TIME
• RESTAURANT SELECTION
• USER INTERFACE
• OTHER