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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.

  • 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 wef 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.

  • 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 Relaunches ‘Intercity Legends’ Service With Minimum Order Value: Read Details |

    New delhi: Online food delivery platform Zomato has relaunched its ‘Intercity Legends’ service with a minimum order value of Rs 5,000. The service, which allowed users to order food from popular restaurants in other cities, was paused in April and has been relaunched with a fresh look within the app.

    It is now called “Legends” and allows users to customise their orders with dishes from various restaurants across cities in the same transaction. All orders placed before 7 pm will be delivered the next day. (Also Read: UPI in UAE: Indian Travellers can use QR codes for transactions – Details here)

    Previously, Zomato delivered orders on the same day for certain restaurants, indicating that it kept stocks of certain dishes. This practice has now been discontinued and all dishes are now delivered chilled, purely based on orders. (Also Read: Vodafone Idea Vs Reliance Jio Vs Bharti Airtel Mobile Tariff Comparison–Check Latest Rates, Validity And Other Details)

    In April, the tab for the service had shut and showed a note saying “Closed Now. Be back soon”. Meanwhile, Zomato has received shareholders’ nod to establish a new employee stock option pool (ESOP) of 18.2 crore shares, with 75 per cent of investors voting in favour and 25 per cent against it, the company said in an exchange filing. At a current market price of roughly Rs 208 apiece, the 18.26 crore shares are worth around Rs 3,800 crore.

  • Zomato May Buy Paytm’s Movie Ticketing Business: Reports | Company 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.

  • Zomato Aims For 100% Deliveries Through EVs By 2033 |

    New Delhi: Online food delivery platform Zomato said that it aims for 100 per cent deliveries through electric vehicles (EVs) by 2033, leading to net zero emissions across the food ordering and delivery value chain.

    Crafted around the eight identified themes, Zomato has outlined specific and measurable targets to achieve the recently announced goals by the year 2030. The goals include supporting the growth of 300K restaurant businesses and food entrepreneurs, empowering 1 million gig workers, and supporting 300 million nutritious meals for underprivileged women and children, among others.

    “The release of Zomato’s goals for 2030, reinforces our commitment to protect and ensure sustainable growth of the platform economy and all its stakeholders. Our heartfelt gratitude to the esteemed government officials, industry leaders, and representatives from academia and civil society for their insights – which will play a key role in guiding our collective endeavors of becoming a more responsible and sustainable industry, said Rakesh Ranjan, CEO, Food Delivery, Zomato.

    “From a sustainability perspective, the government’s push towards EV adoption has received a commitment by platforms, including Zomato, that is looking at facilitating 100 per cent deliveries through EVs leading to net zero emissions across the food ordering and delivery value chain by 2033,” Ramesh Krishnamurthi, Additional Secretary, Ministry of Labor and Employment, said in a statement.

    Zomato said its sustainability initiatives are guided by the firm’s commitment to responsible and sustainable business growth while creating value for all its stakeholders.