News Post

Zomato to launch District app for dining out, events, ticketing biz

Entrackr · 1m

Foodtech and quick commerce platform Zomato has announced the launch of ‘District,’ a new app for its “going-out” business, including dining and ticketing (movies and events). “Today, Zomato and Blinkit are our two large consumer businesses, serving customers’ needs at home. However, we also have one of India’s largest ‘going-out’ businesses, helping our customers discover restaurants for dining out,” founder Deepinder Goyal said. On the back of BlikIt and HyperPur growth, Zomato reported its best quarterly results in the first quarter of the ongoing fiscal year. Its revenue from operations grew to Rs 4,206 crore in Q1 FY25 as compared to Rs 3,562 crore in Q4 FY24, its consolidated financial results show. Zomato’s food and delivery biz accounted for 46.17% of the total collection in Q1 FY25 which grew 11.7% to Rs 1,942 crore in Q1 FY25. Income from “going-out” and other non-operating income took Zomato Group’s overall revenue to Rs 4,442 crore in Q1 FY25. Zomato had also launched a hyperlocal logistics offering Xtreme last year – but later halted the service in the wake of low adoption.