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Zomato Shuts Intercity Offering ‘Legends’
Inc42
·
10m ago
Medial
Zomato CEO Deepinder Goyal has admitted that despite two years of effort, the food delivery platform was unable to find the product-market fit for its service called Legends. However, the company recently relaunched the offering in Delhi NCR and Bengaluru, after having suspended the service in April 2022. Legends, initially launched in August 2022 as 'Intercity Legends,' aimed to deliver popular dishes from various cities across India to different regions.
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Zomato shuts intercity food delivery service Legends due to lack of product-market fit
Economic Times
·
10m ago
Medial
Zomato has announced the shutdown of its intercity food delivery service, Zomato Legends. After struggling to find product-market fit over the past two years, the service has been discontinued. This was the third version of Zomato Legends, which was relaunched in July after being suspended in April. The company made adjustments to the service, including delivering directly from restaurants rather than pre-stocked food items. However, a minimum order value of Rs 5,000 was introduced, and ultimately the service was not successful.
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Zomato suspends hyperlocal goods delivery service Xtreme, restarts Intercity Legends: sources
Economic Times
·
1y ago
Medial
Indian food delivery platform Zomato has suspended its hyperlocal goods delivery service, Xtreme, due to low demand. Xtreme, launched in October 2021, aimed to provide small intracity deliveries for both small and large merchants. However, the service did not gain traction, leading to its suspension. Zomato has also relaunched its intercity food delivery offering, Legends, with a new model that allows customers to curate orders from different restaurants across the country. This comes after Zomato faced legal issues for delivering pre-stocked items instead of direct restaurant deliveries.
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Zomato Hikes Platform Fee To INR 5, Shares Jump 4%
Inc42
·
1y ago
Medial
Foodtech giant Zomato has increased its platform fee by 25% to INR 5 per order in key markets, including Delhi, Bangalore, Mumbai, Hyderabad, and Lucknow. The move is expected to boost the company's earnings as it handles around 2-2.2 million orders per day. Additionally, Zomato has temporarily suspended its intercity delivery service, Intercity Legends, for enhancements. The company has been focusing on profitability, with its profit after tax reaching INR 138 crore in the December quarter of the financial year 2023-24. Recently, Zomato also introduced an all-electric 'large order fleet' for delivering orders for up to 50 people in one go.
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Now, Zomato Launches Order Scheduling Feature
Inc42
·
10m ago
Medial
Zomato has launched a new feature that allows users to schedule their food orders up to 2 days in advance, provided the order value is above INR 1,000. This feature is initially available in select cities including Delhi NCR, Bengaluru, and Mumbai, among others, and will be expanded to cover all orders in the future. This move by Zomato follows the recent closure of their intercity delivery service, Legends.
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Simpl expands integration with Zomato, goes live with its one-tap checkout
Economic Times
·
1y ago
Medial
Simpl, a checkout network, is expanding its partnership with food platform Zomato to integrate its one-tap checkout with Zomato Gold, Intercity Legends, and Zomato Everyday. This collaboration aims to enhance convenience for customers, improve conversions, increase average order value, and drive user retention on the platform. Simpl has already processed over 100 million checkouts on Zomato since 2017, indicating strong consumer preference for easy and hassle-free checkout experiences. The integration will cater to a larger customer base, including those from tier-3 cities and beyond, as well as frequent customers in metro areas.
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Zomato hikes platform fee for users to Rs 5; pauses intercity deliveries
Economic Times
·
1y ago
Medial
Food delivery platform Zomato has increased its platform fee for customers by 25% to Rs 5 per order, effective April 20. The fee increase, applicable in key markets including Delhi, Bengaluru, Mumbai, and Hyderabad, is expected to boost the company's earnings. Zomato's rival, Swiggy, already charges Rs 5 as a platform fee on food delivery orders. Zomato's platform fee is in addition to the delivery charge, but it is waived for Zomato Gold loyalty programme members. The fee was initially introduced in August 2023 at Rs 2 per order and was increased to Rs 4 earlier this year. The intercity delivery service, Legends, has been temporarily suspended by Zomato due to low consumer traction and legal issues.
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Delhi Court Summons Zomato Over ‘Fradulent’ Fresh Food Delivery From Iconic Eateries
Inc42
·
1y ago
Medial
A Delhi court has summoned Zomato in response to a civil suit that seeks a restraining order against the company for allegedly delivering fresh food from iconic restaurants under the sub-category 'Dilli ke Legends'. The plaintiff claimed that Zomato's practice was deceptive and requested an explanation regarding the collection and delivery process. The matter is scheduled for further proceedings on March 20. Zomato recently reported a profit in the December quarter, primarily driven by its quick commerce business.
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Uber pushes intercity, reserve rides, leans on longer trips
Economic Times
·
1y ago
Medial
Ride-hailing company Uber is expanding its efforts in India to include new mobility verticals such as intercity rides, hourly rentals, and reserved bookings. The intercity service, available in around 100 cities, has been seeing significant growth, leading Uber to add new features like roundtrip bookings. The company aims to boost its average transaction size and improve margins by catering to the long-distance travel market. Uber India also plans to introduce other vehicle options for intercity travel and expand its 'reserve' feature for pre-booking rides.
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MakeMyTrip secures majority stake in intercity car rental provider Savaari
OutlookIndia
·
1y ago
Medial
Travel aggregator MakeMyTrip has completed its acquisition of a majority stake in intercity car rental service provider Savaari. Savaari will continue to operate independently with its existing leadership team. MakeMyTrip aims to transform the largely unorganized intercity market through technology and deeper consumer understanding. The company sees this acquisition as an opportunity to extend its leadership position in ground transportation, similar to its success in intercity private bus transport with redBus. MakeMyTrip's Q3 FY2023-24 results also showed significant growth in gross bookings, revenue, and profit.
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AbhiBus partners with CheckMyBus to expand global access to intercity travel in India
Entrackr
·
20d ago
Medial
AbhiBus partners with CheckMyBus to expand global access to intercity travel in India Online bus ticketing platform AbhiBus, part of ixigo’s bus business, has partnered with CheckMyBus, a Germany-based global intercity bus metasearch engine. Through this collaboration, CheckMyBus will integrate AbhiBus’s extensive network of over 4,000 bus operators and more than 3.5 lakh (350,000+) routes across India. This will enable both domestic and international travellers to easily search and book intercity and last-mile bus journeys across the country. CheckMyBus operates in over 90 countries, across 21 local domains and 12 languages, offering a one-stop comparison platform for intercity transport. With this integration, users worldwide will gain visibility into India’s bus routes, schedules, and prices—alongside other modes of transport. Marc Hofmann, CEO of CheckMyBus, said, “We are delighted to welcome AbhiBus’s vast network onto our platform. By integrating thousands of Indian bus operators, we strengthen our mission to make bus travel a seamless experience worldwide. This partnership brings unprecedented access and convenience to intercity travel in India.” AbhiBus aggregates inventory from over 4,000 operators, including major State Road Transport Corporations (SRTCs), and is the official ticketing partner for several of them, as well as for IRCTC bus bookings. The platform allows users to compare fares, view bus amenities and schedules, track buses live, and access features such as cancellation protection. Since its inception, AbhiBus has focused on a customer-first approach with innovative features like Abhi Assured for reliable, on-time travel; Pink Seat for the safety and comfort of female travellers; and Bus Insights for route and operator ratings based on real traveller feedback.
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