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Tag: zomato

  • Want To Pre-Schedule Your Zomato Order? ‘Order Scheduling’ Feature Lets You Plan Ahead – Here’s How It Works |

    New Delhi: Zomato is making food delivery even more convenient with its new feature called “Order Scheduling.” This Innovative addition allows users to plan their orders in advance. This ensures that meals arrive at this perfect time. Whether you’re organizing an office lunch, hosting a weekend get-together, or just want to enjoy your daily coffee at a specific moment, you can now select your desired delivery time up to two days ahead.

    How many cities is the “Order Scheduling” feature available in?

    The “Order Scheduling” feature is now offered at over 35,000 restaurants across 30 cities, including key locations like Delhi, Bengaluru, Mumbai, and Pune. This initiative is designed to provide users with maximum flexibility in their food ordering experience.

    How It Works

    – Flexible Delivery Timing: Users can schedule delivery times ranging from two hours to two days in advance.

    – Easy Checkout Process: After selecting their food items, customers can choose a specific delivery time during checkout.

    – Alternative Time Slots: If the preferred time is fully booked, Zomato suggests alternative time slots.

    – Cancellation Policy: Customers can cancel their orders up to three hours before the scheduled delivery time.

    Boosting Efficiency for Restaurants

    The new feature not only improves the user experience but also offers other advantages for restaurant partners. By allowing scheduled orders, restaurants can better manage their capacity and fill in slower hours, resulting in a steadier flow of orders. Zomato has made sure that the integration is smooth, requiring no additional training for restaurant staff. Further, restaurants have the flexibility to choose which menu items they want to make available for scheduling.

    Safeguards in Place

    Zomato has set up safeguards to ensure smooth operations with Order Scheduling. Only restaurants known for timely service and high availability can participate, and they receive advance notifications for scheduled orders. Additionally, restaurants can select specific items for pre-order, helping avoid last-minute substitutions or shortages.

  • ‘Not A Regular Billionaire’: Users React As Zomato CEO Deepinder Goyal And Wife Turn Delivery Partners In Gurgaon–Watch Video | Economy News

    New Delhi: Deepinder Goyal, co-founder and CEO of Zomato recently took to the streets of Gurgaon, stepping into the role of a food delivery executive. Goyal was dressed in the signature company uniform along with his wife Grecia Munoz. They hopped onto a bike to personally deliver orders. By experiencing the daily challenges of his delivery partners firsthand, Goyal joins a growing list of CEOs who believe in understanding their businesses from the ground up.


    Deepinder Goyal shared his recent experience on Instagram, saying, “Went out to deliver orders a couple of days ago, teaming up with,” tagging his wife. The CEO posted a series of photos showcasing their journey. One image shows them riding a bike, while another captures them checking a mobile phone, likely searching for a delivery address. Rest of the pictures feature the couple interacting with customers during their food delivery stint.

    Take a look at the post


    Here’s How Users Responded:

    One user commented, “Not a regular billionaire.”

    Another praised, “Winning at life & business.”

    “Different way of doing marketing,” wrote a third user.

    A fourth user added, “@deepigoyal You are an inspiration.”

  • Zomato Co-Founder Akriti Chopra Resigns After 13 Years | Economy News

    New Delhi: Zomato’s co-founder and Chief People Officer, Akriti Chopra, has stepped down from her position effective immediately, concluding her 13-year journey with the food delivery giant. The company announced this news to the stock exchange on September 27.

    “Pursuant to Regulation 30 of SEBI Listing Regulations, we would like to inform that Ms. Akriti Chopra, CoFounder & Chief People Officer designated as Senior Management Personnel (“SMP”), has tendered her resignation w.e.f. September 27, 2024,”the company stated.

    Chopra joined the company in 2011 as a senior manager of finance and operations. She eventually served as the chief financial officer until 2020, when Akshant Goyal took over that position. Most recently, she held the title of chief people officer at Zomato.

    In her resignation email, Chopra wrote, “Deepi, As discussed, formally sending in my resignation effective today, September 27, 2024. It’s been an incredibly enriching journey over the past 13 years. Thank you for everything. I’m always a call away. Wishing you and Eternal, the very best.” This message was shared on the stock exchange.

  • Former Swiggy Employee Accused Of Embezzling Rs 33 Crore, Investigation Underway | Economy News

    New Delhi: A former junior employee at Swiggy has been accused of embezzling a Rs 33 crore from the food delivery giant, according to the company’s 2023-24 annual report, as reported by Moneycontrol. The company enlisted an “external team” to investigate the situation and has taken legal action against the former employee.

    “The Group, during the current year, identified embezzlement of funds in one of the subsidiaries by a former junior employee amounting to ₹326.76 million over the past periods..,” according to Swiggy’s annual report released on September 4.

    This comes at a time when the company filed its draft papers on April 26 for an initial public offering (IPO), aiming to raise up to Rs 3,750 crore through a fresh issue and up to Rs 6,664 crore through an offer-for-sale (OFS) which brings the total IPO value to 1.25 billion dollars.

    Swiggy’s revenue saw a 36 per cent growth in FY24 to Rs 11,247 crore, according to its annual report. The company also managed to cut its losses by 44 per cent, reducing them from Rs 4,179 crore to Rs 2,350 crore, thanks to tighter control over expenses.

    Total expenses dropped by 8 per cent to Rs 13,947 crore which is largely due to reduced spending on promotions and marketing which fell from Rs 2,501 crore last year to Rs 1,851 crore in 2023-24. Despite holding a 43 per cent market share, Swiggy still lagged behind its competitor Zomato which leads with 57 per cent in terms of gross order value (GOV).

  • Antfin Singapore Holding Sells 2.1 Per Cent Stake In Zomato For Rs 4,771 crore | Economy News

    New Delhi: Antfin Singapore Holding on Tuesday divested a little over 2 per cent stake in online food delivery firm Zomato for Rs 4,771 crore through open market transactions.

    Antfin Singapore Holding Pte is an arm of Ant Financial Group, while the latter is a part of Chinese e-commerce giant Alibaba. According to the bulk deal data available on the BSE, Antfin Singapore Holding sold 18,54,40,550 shares in two tranches, amounting to a 2.1 per cent stake in Gurugram-based Zomato.

    The shares were disposed of in the price range of Rs 257.17-257.46 apiece, taking the transaction value to Rs 4,771.66 crore. After the share sale, Antfin Singapore Holding’s stake has been reduced to 2.14 per cent from 4.24 per cent. Details of buyers of Zomato’s shares could not be ascertained.

    Shares of Zomato rose 0.27 per cent to close at Rs 263 apiece on the BSE. In March this year, Antfin Singapore Holding pared a 2 per cent stake in Zomato for Rs 2,827 crore.

    Earlier this month, food delivery aggregator Zomato reported a multifold jump in consolidated net profit to Rs 253 crore for the April-June quarter of 2024-25 compared to Rs 2 crore in the year-ago period.

    The company’s revenue from operations jumped more than 74 per cent to Rs 4,206 crore in the first quarter of this fiscal from Rs 2,416 crore in the April-June period of last year.

    Its total expenses also rose to Rs 4,203 crore during the quarter under review, from Rs 2,612 crore a year ago. The reporting segments for the group include the food ordering and delivery business, Hyperpure Supplies (B2B), its quick commerce offering Blinkit, the going out segment and all other residual segments.

  • Shares Of Zomato Hit An All-time High; Here’s Why | Economy News

    New Delhi: Shares of online food delivery app Zomato hit an all-time high on Monday after foreign brokerage UBS remained positive about the company and raised its target price for the stock by Rs 60 to Rs 320. At 1.39 pm zomato shares were trading at Rs 267 apiece, up Rs 2.50 or 0.95 percent.

    Zomato’s stock rose by Rs 15.5, or 5.9 percent, reaching a new record of Rs 280 on the BSE. It later settled at Rs 267 apiece. Zomato’s new peak surpasses the previous record of Rs 278.5 set on August 2. The brokerage’s target suggests the stock could rise by Rs 40, or 14.3%, from its current level, said Zeebiz website.

    According to Zee Business research, Zomato subsidiary Blinkit has reached several milestones ahead of the Rakhi festival, reaching sales of 693 Rakhis a minute.

    According to UBS, Zomato’s gross merchandise value (GMV) exceeded analysts’ expectations in the food delivery and Blinkit businesses in the June quarter. GMV is a key metric that determines the total value of sales of goods and services on a platform over a given period of time. It is a common metric used to gauge the performance of e-commerce businesses.

    Zomato Q1 FY25

    The online food aggregator recently reported a 74 per cent growth (year-on-year) in revenue to Rs. 4,206 crore in Q1 FY25.

    It posted over 126 per cent growth in net profit to reach Rs. 253 crore in the April-June quarter (Q1 FY25), from Rs. 2 crore in net profit in the same quarter last year.

  • Mumbai Woman Spends Rs 9.4 Lakh On Starbucks Coffee, Zomato Celebrates With Special Ad – Watch Here | Economy News

    New Delhi: For some, coffee is a simple pleasure but for Mishquat from Mumbai it’s a true passion. Her daily ritual of ordering cinnamon coffee from starbucks through Zomato has become a delightful habit. Her love for coffee led her to spend Rs 9.4 lakhs on her orders. Zomato noticed her incredible devotion and decided to celebrate Mishquat’s love for coffee in a heartwarming new ad. The food delivery company has also introduced a special discount code for fellow coffee enthusiast.

    Sahibjeet Singh Sawhney, Zomato’s marketing head shared the film where Mishquat’s mother is seen fuming when she discovers just how much her daughter has spent on her daily coffee habit. Determined to get the money back, she confronts the store manager.

    However, instead of refunding the money, the manager invites her to try the ‘Mishquat special’ coffee herself. As she takes a sip, Mishquat’s mother becomes emotional and finally understands why her daughter loves this coffee so much. To celebrate this touching moment, Zomato offers a special “Mishquat” discount code for all customers.

    Sahibjeet Singh Sawhney on LinkedIn share the ad film with a heartfelt message: “Mishquat, from Mumbai, has ordered for over Rs 9.4Lacs from Starbucks on Zomato. This video is our tribute to her. Special thanks to her mom for letting us create this.”

    The ad film sparked a flurry of reactions, with one user even calculating Mishquat’s expenditure. A user remarked, “Mishquat’s Starbucks order could fund a startup.” Another wrote, “Humorously created Zomato India. Bound to go viral for Mishquat.” A third chimed in, “Humorously created Zomato India. Bound to go viral for Mishquat.” A fourth user commented, “This is incredible! Turning a data point into such a clever ad is really impressive.” A fifth added, “Zomato never fails to surprise!! Love this.”

  • Zomato collected Rs 83 crore In Platform Fee From Customers Till March: Details Here | Companies News

    New Delhi: Food delivery aggregator Zomato, which began charging platform fee on orders from last August, collected Rs 83 crore through the new levy till March, the company’s annual report has revealed. Platform fee has been cited as one of the three key factors driving Zomato’s Adjusted Revenue, which grew 27 per cent year-on-year to Rs 7,792 crore in FY24.

    “Adjusted Revenue as a percentage of GOV (gross order value), continued to increase primarily due to increase in restaurant commission take-rates, improvement in ad monetization and introduction of platform fee from Q2FY24 onwards,” the report stated.

    All of these factors more than compensated for the reduction in customer delivery charge per order due to the free delivery benefit available on Gold orders, it added. Interestingly, most late night orders in the last fiscal year came from Delhi NCR, while most breakfast orders came from Bengaluru, Zomato shared in the report.

    The food delivery aggregator began levying platform fee at Rs 2 per order last August, which has gradually been increased to Rs 6 now in key markets. Its main rival Swiggy also charges platform fee on its orders. The introduction and increase in platform fee is seen as one of the means to increase profitability by food delivery aggregators.

  • Zomato CEO Deepinder Goyal introduces feature to track live food orders |

    New Delhi: Food delivery platforms are in high demand these days. Have you ever wondered what the total order count on a platform might be? Zomato CEO Deepinder Goyal has just introduced a new feature that lets users see the live order count on the platform.

    Zomato CEO Deepinder Goyal announced on X (formerly Twitter) that users can now see the total number of orders placed across India immediately after placing their own order. In his tweet, Goyal shared that when he placed an order around 11 am the count had already exceeded 250,000. This new feature is designed to improve the user experience by showing real-time activity on the platform.

    Deepinder Goyal shared in a post on X , “A cool new update for everyone – You can now see the LIVE order count on @zomato for the day, right after you place your order. I just placed an order at around 11am, and the count was already over 250,000.”

    A cool new update for everyone –

    You can now see the LIVE order count on @zomato for the day, right after you place your order. I just placed an order at around 11am, and the count was already over 250,000.

    Have fun! pic.twitter.com/0RYdvPei3X — Deepinder Goyal (@deepigoyal) June 21, 2024

    The ordering experience on Zomato hasn’t changed for general users. However, the new live tracking feature adds a fun, game-like element by showing the trend of food deliveries across the country.

  • Zomato May Buy Paytm’s Movie Ticketing Business: Reports | Companies News

    New Delhi: Online food delivery platform Zomato is in advanced discussions to buy Paytm’s movie ticketing and events business, according to multiple reports. This move aligns with Zomato’s plan to expand its ‘going out’ offerings. The potential deal could value Paytm’s vertical at around Rs 1,500 crore, as per reports. Zomato or Paytm were yet to comment on the reports.

    If finalised, this acquisition would be Zomato’s second-largest purchase, following its acquisition of quick commerce platform Blinkit in 2021, which was an all-stock deal worth Rs 4,447 crore. Meanwhile, Zomato has invested Rs 300 crore in its quick commerce arm, Blinkit, as this segment is projected to surpass its core food delivery business.

    The board of the company has approved the investment of Rs 300 crore in Blinkit Commerce, as per filings with the Registrar of Companies accessed via TheKredible. Additionally, Zomato will also invest Rs 100 crore in Zomato Entertainment, its events arm, which specialises in curating and selling tickets for concerts, parties, and festivals.