Zomato is the best way to discover great places to eat in your city. Join our. China's Ant Group, which had announced an investment of $150 million earlier this year in its draft IPO prospectus, said it is now evaluating the timing of additional investment in Zomato. MUMBAI: Food-delivery and restaurant discovery app Zomato is jumping on to the grocery bandwagon as the category sees a major uptick amid the Covid-19 outbreak. Zomato, backed by Ant Financial, will however continue to operate in the top 15 cities, the second person said, adding that the company will exit those markets as and when the demand fizzles out. Zomato Gold. “Grocery is a thin margin business. Collections. Gurugram-based food delivery startup Zomato has begun delivering grocery in more than 80 cities in India. Zomato had entered the grocery business through the recently created vertical Zomato Market. As food orders dwindled in the past few months, grocery … At a time when customers are rather apprehensive about ordering cooked food, the new service from Zomato would certainly help to build a room for itself in the grocery market. Zomato has already diversified into grocery deliveries as the restrictions on movement shuttered some restaurants and people hesitated to order outside food due to fears of catching the disease. You can get all the items you need from the comfort of your home. 05 Dec 2019 Man duped of Rs. We combine Bloomberg’s global leadership in business and financial news and data, with Quintillion Media’s deep expertise in the Indian market and digital news delivery, to provide high quality business news, insights and trends for India’s sophisticated audiences. In reality, over the last few months, the firm has been planning to attach grocery section to its app. It is an icon with title Right Triangle. Users can access this service by downloading the Zomato app and visit the Zomato … Zomato.com does not guarantee prices or the availability of menu items at Grocery Bar. Zomato's Founder and CEO Deepinder Goyal said the company's business was severely affected by COVID-19 lockdown and the restaurant industry itself could shrink by 25 to … TNN Bengaluru: Zomato is putting its focus back on its core business — food delivery — as hotels and restaurants are expected to reopen from next … Ever since the lockdown restrictions have been eased, Swiggy and Zomato saw a decline in their grocery business. So far this operation has been introduced by the Gurugram based business in Kerala, Punjab and Delhi. 21 Places. Hoping to optimise its technology and fleet network, Zomato initiated tie-ups with several retailers and hypermarket stores. “Facilitating delivery (food, grocery etc.) While Zomato has diversified into grocery business amid falling food orders, the company will face even bigger threats from kirana stores and JioMart once the lockdown lifts. Zomato's food business was hit by lockdown However, the company was quick to bounce back, adapt Now, Zomato Market is active in 80 cities Ordering groceries via Zomato is … Two Zomato food delivery couriers check their smartphones for customer order alerts in Mumbai, India. Some of the customers, including in Nagpur, have already started receiving messages that Zomato Market is signing off. There’s no information on that yet, though. Zomato founder and CEO, Deepinder Goyal, said in a company blog, "We have started grocery delivery in 80+ cities across India to help with the supply of essentials.Our delivery network in the country is only second to India Post, and we are putting in every effort to make sure that we put it … Explore curated lists of top restaurants, cafes, pubs, and bars in Delhi NCR, based on trends All collections in Delhi NCR It is an icon with title Right Triangle. Zomato is scaling down grocery delivery as its prepares to exit the business nearly five months after launch because of poor unit economics and a gradual revival in its mainstay food delivery.Zomato Market will continue to operate and service users who need on-demand delivery of essentials, a company spokesperson told BloombergQuint in an emailed response. If they cannot make food delivery viable, making grocery delivery work will be a greater challenge,” said Agarwal of Redseer. In April 2020, Zomato rolled out a grocery delivery business in close to 80 major cities. The online grocery market is already a hyper competitive space with big players like Big Basket, Reliance Retail Ltd. and Amazon India already fighting to grab a larger pie. Online food ordering and delivery app Zomato is getting into grocery delivery service, timing it perhaps with a surge in demand for such services due to social distancing norms being enforced over the coronavirus pandemic. The Zomato app now features Zomato Market that lists local grocery stores in an area.Online grocery retailer Grofers working with Zomato to get its delivery fleet onboard The firm, however, stopped partnerships and on-boarding of local grocery stores across all markets, the person said. Online food shopping and distribution platform Zomato has forayed into the grocery delivery sector under ‘Zomato Business,’ promising to sell and trying to encash the need for such options that have now opened up. In his tweet Tharoor said operations in Kochi, Trivandrum, Kottayam & Thrissur. CEO and founder Deepinder Goyal, in a company blog, said, “We have started grocery delivery in 80+ cities across India to help with the supply of essentials. With India imposing one of the strictest lockdown in the world, the Ant financial backed company saw its business plummet by almost 70-80%. Zomato Market will continue to operate and service users who need on-demand delivery of essentials, a company spokesperson told BloombergQuint in an emailed response. These services will most likely help a lot of people struggling to get their essentials as they abide by the 21-day-lockdown announced by the … Not only grocery but also Swiggy and Zomato have begun delivering alcohol home in select states. “And when you are doing on-demand model, the average order value is low, and the players have no control over the inventory as well.”. The decision seems to be in line with controlling burn and focus on core business.” Zomato Market was expected to be a counter-attack from the Ant Financial-backed firm for its arch-rival Swiggy, which has been doing grocery delivery for over 12 months. Zomato rolls out its grocery delivery service – Zomato Market As the demand for online groceries grows with people staying home due to the coronavirus pandemic, … Leveraging its technology and fleet network, the company tied-up with several … Zomato Groceries delivers all grocery needs to your door-step in just few hours! It is an icon with title Right Triangle. In May, the company expanded it to about 185 cities in India. Zomato is scaling down grocery delivery as its prepares to exit the business nearly five months after launch because of poor unit economics and a gradual revival in its mainstay food delivery. “It was expected and while it’s a very competitive category, it takes a lot of time in building grocery vertical,” Satish Meena, a senior forecast analyst at Forrester Research said over the phone. Zomato has started delivering groceries in over 80 cities across India to support the ongoing lockdown due to the coronavirus outbreak. BENGALURU: Grocery seems to have become the new battlefield for e-commerce companies, with Zomato now keen to acquire e-grocery start-up … Swiggy, which too had aggressively expanded its grocery vertical, also scaled it down in a few of the smaller markets after the restrictions were eased, a person aware of the matter said on the condition of anonymity. As the country opens up, the firm is going to spend a large proportion of their time making food delivery service "the safest, and the most loved one in town", he said, adding that the firm has scaled down grocery business in a few cities. Zomato’s entry into the grocery market comes at a period when online groceries are seeing high volume growth in orders attributable largely to the authorities ‘tight implementation of residence-at-home directives to ensure socially distancing norms. Grocery Bar menu in image format shown on this website has been digitised by Zomato.com. Zomato has started grocery delivery in 80 Indian cities, prioritising essentials, in the backdrop of coronavirus pandemic. Kerala lawmaker Shashi Tharoor reported the development in a tweet. Zomato Groceries is your easiest way to purchase grocery products. Zomato is exiting the cities where it has seen no or muted demand in the last few weeks, the person quoted earlier said. 30 Places. Thanks to the national shutdown in effect to combat the outbreak of the COVID-19 pandemic, the service would help those searching for food to arrive at their doorstep. As the food delivery market revives, the company now wants to focus on its core business, the person said on the condition of anonymity. Zomato for Business is a powerful professional suite for restaurant managers. Further, Zomato has also reportedly decided to shut down the grocery business after finding that the business is not scalable. A person in the know told BloombergQuint that the company realised it will burn more cash and there is not much money to be made in instant, two-hour grocery delivery model. Swiggy has a similar model of listing grocery stores and retailers as sellers of grocery under the ‘groceries’ tab on the app. This new vertical was supposed to compensate for the company’s plummeting business during the lockdown period. 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