Zomato has quietly rolled out a new 15-minute food delivery service, stepping up its competition in the fast-paced quick-commerce (q-commerce) industry. The feature is currently available on the Zomato app in select cities like Mumbai and Bangalore, though it has not been officially announced yet.
A new “15-minute delivery” tab has appeared on the app, offering a range of quick-to-prepare meals from participating restaurants. The service operates within a 2 km radius from the restaurants to ensure fast deliveries, similar to Swiggy’s Bolt.
Zomato’s move follows the growing trend in the quick-delivery space, with other competitors like Swiggy, Zepto, and Ola launching similar services. Zomato’s Blinkit unit also plans to offer fast deliveries of healthy meals, while Swiggy’s Bolt service has already seen 5% of total food orders fulfilled through quick delivery. Zepto and Ola are also expanding their quick-commerce services.
Zomato’s entry adds to the already competitive landscape, with rivals like Swiggy and Zepto gaining ground and even Reliance and Myntra looking to enter the fast delivery market.
Founded in 2010, Zomato Limited is a major online food service platform known for its food delivery, dining-out services, loyalty programs, and more.
Zomato share price is currently ₹247.20, down by ₹5.25 or 2.08% as of 11:32 AM on January 8, 2025. The stock opened at ₹244.95, reached a high of ₹251.70, and a low of ₹244.35. With a market capitalisation of ₹2.24 lakh crore and a P/E ratio of 294.45, the 52-week high stands at ₹304.70, while the 52-week low is ₹121.60.
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Published on: Jan 8, 2025, 11:41 AM IST
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