Further, Zomato has also reportedly decided to shut down the grocery business after finding that the business is not scalable. 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. 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. 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, … As food orders dwindled in the past few months, grocery … In reality, over the last few months, the firm has been planning to attach grocery section to its app. BENGALURU: Grocery seems to have become the new battlefield for e-commerce companies, with Zomato now keen to acquire e-grocery start-up … This new vertical was supposed to compensate for the company’s plummeting business during the lockdown period. Kerala lawmaker Shashi Tharoor reported the development in a tweet. 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. 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. Customers are free to download and save these images, but not use these digital files (watermarked by the Zomato logo) for any commercial purpose, without prior written permission of Zomato Share your food journey with the world, Checkin at Restaurants, Bars & Cafes and follow other foodies for personalized recommendations. Leveraging its technology and fleet network, the company tied-up with several … It is worth remembering that Zomato’s competitor Swiggy has now been selling groceries for over a year as ‘Swiggy Shop.’. The India business of UberEats, the food delivery service operated by ride-hailing giant Uber, is likely to be sold to Zomato, its arch-rival in the country. Zomato had launched the service to leverage its last-mile delivery workforce to ride the grocery wave and minimize, in whatever way possible, the impact on its core business due to Covid. The firm, however, stopped partnerships and on-boarding of local grocery stores across all markets, the person said. Best of Gurgaon. 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. # Vegetables, # Fruits, # Grocery, # Fresh White Meat, # Pastry, #Cereals # And the list goes on! You can get all the items you need from the comfort of your home. 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 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. Grocery Bar menu in image format shown on this website has been digitised by Zomato.com. Join our. NewsCutlet.com - Online News Platform for Business, Technology, Startup, Internet, Career, Reviews, Nation and World News. 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 Business Model The success of Zomato lies in its robust Business Model. In May, the company expanded it to about 185 cities in India. 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. Ever since the lockdown restrictions have been eased, Swiggy and Zomato saw a decline in their grocery business. is a cash-guzzling business where every player has been losing money on each delivery. business › ecommerce › news » After Zomato, Swiggy scales down its grocery marketplace operations – leaving more space for JioMart, BigBasket, Amazon and others. 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. With India imposing one of the strictest lockdown in the world, the Ant financial backed company saw its business plummet by almost 70-80%. Users can access this service by downloading the Zomato app and visit the Zomato … In his tweet Tharoor said operations in Kochi, Trivandrum, Kottayam & Thrissur. Not only grocery but also Swiggy and Zomato have begun delivering alcohol home in select states. Zomato Groceries is your easiest way to purchase grocery products. 267 Places. Zomato has started grocery delivery in 80 Indian cities, prioritising essentials, in the backdrop of coronavirus pandemic. 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. Besides, the expansion of the grocery delivery service was part of the company ‘s plan to offset the sharp downturn in business during the lockdown period. Zomato also began grocery delivery amid the COVID-19 outbreak. Zomato stands as the pioneer for other online food-based applications. Meesho had started selling grocery segment with a long-term approach to pursue monetisation potential for its reseller network. 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. “Facilitating delivery (food, grocery etc.) In addition, Zomato was also in talks with FMCG brands in order to … In April 2020, Zomato rolled out a grocery delivery business in close to 80 major cities. Zomato.com does not guarantee prices or the availability of menu items at Grocery Bar. Zomato had entered the grocery business through the recently created vertical Zomato Market. The online food ordering and delivering unicorn which had launched Zomato Market in April after the nation went into a complete lockdown as people stayed home, and demand for grocery and food delivery dipped. Zomato is the best way to discover great places to eat in your city. The Ken had first reported in its newsletter in June that Zomato is looking to make a U-turn in the grocery business. During a moment of turmoil, the GSMA rejects such... Quibi threatens the introduction of social media services in the middle of quarantine and economic turmoil, Whether the game business defends the war against covid-19, Raghuram Rajan encourages PM Modi, to invest on the needy, PM Modi calls on Sonia Gandhi, who leads the other party to fight the coronavirus together, COVID-19 displays advancements in development, Kerala Institute will move the ventilator system to Wipro 3D, Ministry of Finance makes explicit “No Financial Year Extension”, After a quick pause, Twitter, WhatsApp, Instagram are back online. 21 Places. In April, Zomato had rolled out grocery delivery business in around 80 cities. So far this operation has been introduced by the Gurugram based business in Kerala, Punjab and Delhi. Zomato for Business is a powerful professional suite for restaurant managers. The tieup involved Zomato Market, its newly launched grocery offering, fulfilling customer orders from offline stores that have existing arrangements with Grofers. It is an icon with title Right Triangle. Missing BloombergQuint's WhatsApp service? For Zomato, the effort around grocery will be a first, as the company has taken a more focussed approach to build its entire business around the food delivery and restaurant ecosystem. Collections. Manages most mild to severe cases of pneumonia The Sree Chitra Tirunal Institute of Medical Sciences and Technology (SCTIMST) based here has... Officers and counterter-terrorism agencies are probing arson attacks targeting Uk cell phone masts. 30 Places. 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. If they cannot make food delivery viable, making grocery delivery work will be a greater challenge,” said Agarwal of Redseer. Photographer: Dhiraj Singh/Bloomberg. As the food delivery market revives, the company now wants to focus on its core business, the person said on the condition of anonymity. The business has also been in early negotiations for a deal with online food retailers Grofers and BigBasket. “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.”. 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. 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 … 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. Swiggy, however, continues to focus on the grocery vertical, and is largely pesent in top 100 cities. Many prominent firms that have started providing groceries include Snapdeal, BharatPe, DealShare, JioMart, NoBroker, and ShopClues. 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. “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. “Grocery is a thin margin business. After Zomato… Best of Delhi NCR. Essentially Zomato is an application whose business model encircles the provision of food delivery services, provision of information, user reviews, and menus of partner restaurants. Trending This Week. Zomato, after creating quite a reputation for itself in the online food delivery industry, now plans to tap into the grocery delivery market. Gurugram-based food delivery startup Zomato has begun delivering grocery in more than 80 cities in India. Some of the customers, including in Nagpur, have already started receiving messages that Zomato Market is signing off. Two Zomato food delivery couriers check their smartphones for customer order alerts in Mumbai, India. 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 … Zomato provides information, menus and user-reviews of restaurants as well as food delivery options from partner restaurants in select cities. Delivery applications have recently driven me back to the brick-and-mortar store despite easily weaselling their way through my existence. Bloomberg | Quint is a multiplatform, Indian business and financial news company. Thanks to the national shutdown in effect to combat the outbreak of the COVID-19 pandemic, the service would help those searching […] 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. In a blog last month, the company had said the food delivery is already back to 80% of the pre-covid level. Entrackr had confirmed the development exclusively earlier this week. Manage your restaurant's information, advertise, accept online orders, take table reservations, build your own app and more. Zomato’s foray was expected to be pitted against rival Swiggy, which set up a subscription-based grocery model in the last 12 months. Gurugram-based online food platform Zomato on Tuesday announced that it has begun grocery deliveries across 80 cities in the country. Zomato is an Indian restaurant aggregator and food delivery start-up founded by Deepinder Goyal and Pankaj Chaddah in 2008. Our easy-to-use app shows you all the restaurants and nightlife options in your city, along with menus, photos, and reviews. Swiggy has a similar model of listing grocery stores and retailers as sellers of grocery under the ‘groceries’ tab on the app. “They don't have that kind of money to invest in grocery to scale, and there is also a funding crunch for Zomato which doesn’t allow them to focus on building a separate grocery infrastructure to compete with the large grocery players,” Meena said. It is an icon with title Right Triangle. The talks between the two Gurgaon-based companies come close on the heels of a recent partnership that Zomato and Grofers struck for grocery delivery, which ET was the first to report. Zomato is exiting the cities where it has seen no or muted demand in the last few weeks, the person quoted earlier said. 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 … Zomato Groceries delivers all grocery needs to your door-step in just few hours! Hoping to optimise its technology and fleet network, Zomato initiated tie-ups with several retailers and hypermarket stores. For food aggregators, like Swiggy and Zomato, grocery delivery accounts for only 20% of their business, with almost 80% of their operations and revenues focussed on food deliveries. According to an ET report, Zomato is all set to launch its grocery delivery service Zomato Market by next week. 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. Zomato Gold. 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. There’s no information on that yet, though. 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 has started delivering groceries in over 80 cities across India to support the ongoing lockdown due to the coronavirus outbreak. Check their smartphones for customer order alerts in Mumbai, India this website has been digitised by.. 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