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Hello reader,
I must’ve mentioned this before, but I did my university studies in Melbourne, Australia. It was my first taste of living completely alone, and I relished the independence. As an introvert, I never really got bored, and I discovered my love for grocery shopping and cooking for myself during this time.
But cooking for one can sometimes feel like a lot of effort for very little payoff, so it wasn’t long before I was frequently getting takeout.
Lucky for my Asian taste buds, Melbourne is a multicultural city and it wasn’t hard to find Asian food – of special mention is this place called Rose Garden, which was about a 10-minute walk from my accommodation.
It was the very definition of soul food for me: Cantonese stir-fry from a shop run by Cantonese people. They were even sorta terse – it was just like home!
Anyway, to bring this blurb full circle(-ish), one of my biggest fears as an introvert is holding up the long line to decide what to order. To avoid this, I would always hop onto the Zomato website to check out Rose Garden’s menu and choose what I wanted before I headed out.
Back then, Zomato was just a useful website to which someone had uploaded grainy photos of delectable offerings. I didn’t know how big the firm was or would be – but according to today’s premium article, it might have plans to become even bigger. Read on to find out more.
Today we look at:
- Whether Zomato can really become a US$100 billion company by 2030
- The US$5 million series A round of a startup that’s helping solve traffic problems around the world
- Other newsy highlights such as a Seedstars executive going missing while mountain climbing – but he’s since been found – and the movements in Southeast Asia’s funding scene
Premium summary
Zomato talks some big talk, but can it back it up?
Image credit: Timmy Loen
I’m one of those people who overprepares and overthinks many things. Most of the time, I would prep thoroughly before presenting or speaking in any kind of official or serious capacity. All this also means that I never overpromise anything.
So imagine my amusement when I read today’s premium article. Zomato founder and CEO Deepinder Goyal declared that his company aspires to be a US$100 billion company by 2030 and could “easily” be making a profit of US$1 billion by then – only for multiple sources to say, “Nah fam, he meant it in the metaphorical sense.”
With US$5 million, you could buy a helicopter and never have to deal with traffic again
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