Zomato Launches Order Scheduling: Schedule Orders 2 Days Ahead
Zomato Introduces Order Scheduling: Pre-Schedule Orders Up to 2 Days Ahead
Zomato, the popular online food delivery platform, now allows customers to schedule their orders up to 2 days in advance. The platform’s founder and CEO, Deepinder Goyal, announced this new feature on the social media platform X.
Currently, this feature is available at around 13,000 restaurants across Delhi NCR, Bengaluru, Mumbai, Ahmedabad, Chandigarh, Lucknow, and Jaipur for orders exceeding ₹1,000.
Expansion Plans and Future Integrations
Deepinder Goyal mentioned on X that more restaurants and cities will be added to this service soon, allowing customers to plan their meals better and ensure timely delivery. He also hinted that this scheduling feature might soon be expanded to include all types of orders.
Zomato Discontinues Intercity Legends Service
Just two days before launching the order scheduling feature, Zomato announced the discontinuation of its intercity Legends service. Goyal shared that despite two years of effort, the service did not achieve the desired market fit and was therefore shut down.
New App Launch: Zomato District
Earlier this month, Zomato announced the launch of a new app called ‘Zomato District,’ which integrates dining and ticketing services (movies and events). This new venture marks a significant expansion beyond the company’s core food delivery services and hyper-commerce operations.
Financial Performance and Strategic Moves
In the April-June quarter, Zomato reported a 126.5-fold increase in profit, reaching ₹253 crores, compared to a consolidated net profit of ₹2 crores in the same quarter last year. Revenue for the first quarter rose by 74%, totaling ₹4,206 crores, up from ₹2,416 crores in the previous year. Zomato announced these results on August 1st, 2024.
In another strategic move, Zomato revealed plans to acquire Paytm’s entertainment and ticketing business for ₹2,048.4 crores. This acquisition is part of Zomato’s efforts to strengthen its position in the ‘going-out’ segment. Meanwhile, Paytm intends to focus on its core financial services. The boards of both companies approved the cash transaction on August 21st, 2024.
