Despite a 57% decline in net profit for the December 2024 quarter, Zomato experienced a 64% increase in revenue. This was largely due to investments made in expanding its food delivery business and quick commerce store network. However, the quick commerce segment recorded an EBIT loss of Rs 30 crore, potentially affecting the company's profitability in the coming quarters. Zomato is still on track to reach its goal of 2,000 stores by December 2025, much earlier than its previous guidance of December 2026.
Formerly known as Grofers, Blinkit, a quick commerce company, was recently acquired by Zomato. In a cheeky social media post, Blinkit's CEO Albinder Dhindsa shared that over 1 lakh packets of condoms and 45,000 bottles of mineral water were being delivered for the New Year's Eve prep. However, standup comic Kunal Kamra raised important questions about the wages of the company's delivery partners. This incident brings attention to the exploitation of gig workers by platform owners in the gig economy.
As the 16th anniversary of the 26/11 Mumbai attacks approaches, survivor Devika Rotawan shares her story and message of hope. Meanwhile, Zomato is making waves in the Indian food delivery market with its user-friendly platform and unique features. From dietary filters to scheduled orders, the app aims to make food ordering a stress-free and enjoyable experience.
Zomato CEO, Deepinder Goyal, responds to user feedback on the company's "Food Rescue" initiative, showing his commitment towards innovation and open recruitment. The feature, launched on October 10, 2024, offers discounted meals from cancelled orders to customers within a 3km radius, aiming to reduce food wastage and provide affordable options. While there have been concerns raised about safety and fairness, Goyal points out the efforts to ensure proper packaging and limit the number of cancellations per month. The company is also exploring partnerships with food banks and charities to further reduce food wastage.
Zomato’s new “Food Rescue” feature caught the attention of Bengaluru resident Bhanu who offered practical and thoughtful suggestions to CEO Deepinder Goyal. Impressed by his insights, Goyal extended an unexpected job offer to Bhanu, a product manager working for a startup. This positive exchange highlights the importance of hiring talented individuals who offer practical solutions to enhance a company’s operations. Zomato, known for handling over 4,00,000 cancelled orders per month, aims to prevent food wastage with their new feature, which offers discounted meals to customers within a 3km radius of a delivery partner with a cancelled order.
Zomato CEO Deepinder Goyal has reversed his decision to charge a Rs 20 lakh fee for the position of Chief of Staff after facing severe backlash on social media. In a recent update, he clarified that the fee was only a filter to find candidates who were passionate about a fast-track career. This is not the first time Goyal has backtracked on a controversial decision, as Zomato previously retracted a service for delivering only vegetarian food after public criticism.
Zomato CEO Deepinder Goyal has garnered attention with his unconventional job opening for a Chief of Staff position. The selected candidate will receive no salary in the first year and will have to pay an advance of Rs 20 lakh. Goyal clarified that this approach is meant to attract individuals driven by learning and contribution, rather than financial gain. This unique hiring process sets a new precedent in the Indian business industry and is being met with both curiosity and skepticism.
Zomato has introduced a new "Food Rescue" initiative that allows users to purchase cancelled orders at discounted prices, in an effort to combat food waste. CEO Deepinder Goyal announced that the platform generates over 400,000 cancelled orders and this program aims to offer these meals to nearby customers quickly and safely. The company also welcomed suggestions from a product manager, who proposed measures to prevent potential misuse of the feature, which Goyal confirmed have already been implemented.
The second season of the popular comedy show, The Great Indian Kapil Show on Netflix, recently began with renowned guests like Alia Bhatt and Karan Johar. In the latest episode, renowned businessmen and philanthropists Narayana Murthy and Sudha Murthy, along with Zomato CEO Deepinder Goyal and his wife Grecia Munoz, shared their entertaining stories and advice on relationships. Sudha Murthy revealed that on their first meeting, Narayan Murthy was two hours late to impress her father.
Zomato, the popular food delivery platform, has announced an increase in its platform fee from Rs 7 to Rs 10 in preparation for the upcoming festive season. This move is expected to bring an additional Rs 65 crore to the company's revenue annually. Zomato's profits for the second quarter were lower than expected due to investments in its "dark stores" for online orders. The company has also approved a fundraise of up to Rs 8,500 crore to boost its cash reserves after its recent acquisition of a digital payment firm's movie and events ticketing businesses. With competition in the online food and grocery delivery sector heating up, Zomato's move to increase its platform fee may give them an edge in gaining market share.