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News on Medial
With Pushpa 2 tickets on Blinkit, Zomato flexes its ecosystem muscles
YourStory
·
8m ago
Medial
Food delivery platform Zomato is leveraging the anticipation around the movie 'Pushpa 2' to showcase the synergies of its ecosystem through its dining and entertainment bookings app, District. Zomato's quick-commerce arm, Blinkit, is offering movie vouchers that can be redeemed for tickets to the movie. The vouchers can be accessed on Blinkit with a minimum cart value and redeemed on the District app during checkout. Zomato's strategy of building distinct but connected brands differentiates it from competitors like Swiggy, and this move demonstrates the company's expansion beyond its core food delivery business.
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Zomato, its first full-year profit in pocket, turns focus on Blinkit
Livemint
·
1y ago
Medial
Food delivery giant Zomato is ramping up its quick-commerce business, Blinkit, with plans to add 100 dark stores by June. Zomato aims to have 1,000 warehouses for Blinkit by the end of the fiscal year, as it sees the potential for the quick delivery business to outperform its core food delivery operations. Blinkit, which Zomato acquired in 2022, turned operationally profitable in March and experienced a doubling of both revenue and gross order value in Q4. The company is focusing its expansion efforts on the top eight cities in India.
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Zomato CEO Deepinder Goyal calls out ‘free pass’ seekers for Dua Lipa Concert | Mint
Livemint
·
11m ago
Medial
Zomato CEO Deepinder Goyal has responded to requests for free tickets to the Zomato Feeding India Concert with Dua Lipa. He stated that he will not give free passes to people who can afford to pay for them. The concert has already received 300,000 registrations and will contribute towards addressing hunger and malnutrition in India. Goyal urged everyone to buy tickets and support the cause. The concert is scheduled for November 30th in Mumbai, with pre-sale tickets available on August 27th.
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Zomato introduces secondary market for event ticketing ‘Book Now, Sell Anytime’
Economic Times
·
11m ago
Medial
Zomato is launching a secondary market for event ticketing on its platform. Called "Book Now, Sell Anytime," the feature will allow users to sell their event tickets on the Zomato app. The company has implemented measures to prevent unfair pricing and touting, such as limiting the number of tickets a customer can sell and capping the maximum listed price. This move comes after Zomato's acquisition of Paytm's events and movie ticketing business, as the company aims to expand its offerings beyond food delivery. Zomato also plans to launch a separate app called "District" for its going-out business.
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Zomato halts Blinkit integration, shifts focus on building super brands
Inc42
·
1y ago
Medial
Foodtech giant Zomato has decided to pause the integration of its quick commerce arm Blinkit and instead focus on building "super brands." Zomato CEO Deepinder Goyal expressed that super apps have not been as successful in India as they have been in China and that Indians gravitate towards super brands. Zomato plans to maintain a separate identity for its food delivery platform and quick-commerce unit, developing Blinkit as an independent brand. The integration will primarily focus on sourcing synergies with Zomato's B2B supplies vertical, Hyperpure. Zomato's rival Swiggy has opted to integrate its quick commerce vertical, Instamart, directly into its main app. Blinkit turned contribution positive in Q2 FY24, recording 45.5 million orders during this period.
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Blinkit CEO responds to restaurant body concerns on 10-minute food delivery
Economic Times
·
6m ago
Medial
Blinkit CEO Albinder Dhindsa announced the launch of Bistro, a 10-minute food delivery app, assuring that Zomato, its parent firm, will not use private brands on its main app to compete with restaurant partners. This follows concerns from the National Restaurants Association of India about standalone 10-minute delivery apps. Dhindsa emphasized that Bistro is an independent venture without using Zomato's restaurant data, ensuring ethical practices and potential benefits for the food ecosystem.
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Blinkit launches Sellers Hub for brands
YourStory
·
9m ago
Medial
Quick commerce platform Blinkit has launched Blinkit Sellers Hub, a platform that allows brands to sell their products directly on Blinkit without intermediaries. The move puts Blinkit in competition with established ecommerce platforms like Amazon and Flipkart. Blinkit's parent company, Zomato, has also recently increased the platform fee on its food delivery platform, signaling its focus on quick commerce growth. During the reporting quarter, Zomato's quick commerce arm doubled in size and added more dark stores and warehouses to support its expansion plans.
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Quick commerce sector burning Rs 5,000 crore per quarter: Zomato CEO Deepinder Goyal
Economic Times
·
5m ago
Medial
The quick commerce sector in India burns approximately Rs 5,000 crore quarterly, with Blinkit, owned by Zomato, responsible for 2-3%. Despite this, Blinkit holds a 40-45% market share. CEO Deepinder Goyal emphasizes sustainable growth without engaging in deep discounting. Zepto, a major competitor, is burning significantly more cash but still maintains a competitive position. The market is experiencing intense competition impacting Blinkit's financials, with challenges in expanding operations.
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SoftBank looking to sell stake in Zomato via block deal: Report
Economic Times
·
1y ago
Medial
SoftBank is reportedly expected to sell Zomato shares as the lock-in period following the Blinkit deal expires. About 51 lakh Zomato shares were traded in a block, causing a 2% drop in the stock price. SoftBank, Tiger Global, and Sequoia own a majority of these shares. Pre-IPO and ex-Blinkit shareholders are holding substantial unrealized gains, leading to predictions of a sizable portion of Zomato's stock becoming available for trade in the near future.
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Deepinder Goyal in good spirits as comedian serves roast on platform fee, handling charge, Zomato tape & more | Watch | Mint
Livemint
·
1y ago
Medial
Food delivery aggregator Zomato recently celebrated its 16th anniversary. Stand-up comedian Swati Sachdeva posted a video on her Instagram account, roasting the app for its platform fees, rain surge, and Blinkit handling charges. Zomato CEO Deepinder Goyal and Blinkit chief Albinder Dhindsa were seen among the audience, finding the jokes humorous. In the video, Sachdeva thanked Zomato and Goyal but humorously mentioned her fear of being charged a platform fee for using the stage. She also made jokes about the application of rain surge and questioned the handling charges of Blinkit. Sachdeva's video received a positive response.
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Zomato’s ‘Book Now, Sell Anytime’ feature explained | Mint
Livemint
·
11m ago
Medial
Zomato has introduced a new feature called "Book Now, Sell Anytime" that allows customers to easily book and resell event tickets. The feature aims to address concerns about changed plans and uncertainties when booking in advance. Customers can buy tickets for listed events on the Zomato app and, if their plans change, list their ticket on the app at their chosen price. Once another customer purchases the listed ticket, the original ticket is cancelled and a new ticket is issued. Zomato monitors the platform to prevent misuse, and the feature will be available for the upcoming Zomato Feeding India Concert featuring Dua Lipa.
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