The company is aiming to build the going out segment as its third largest B2C business with its recent launch of ‘District’ app
District enables customers to discover and reserve tables at restaurants while also booking tickets for movies, sports, live performances, among other events
Earlier this week, Zomato also introduced two new features namely ‘Book Now, Sell Anytime’ and ‘Food Rescue’ on its application
Foodtech major Zomato
has rolled out the ‘District’ app for its ‘going-out’ business on both Apple’s iOS and android platforms, over three months after announcing its launch.
The company is aiming to build the going out segment as its third largest B2C business.
This ‘District’ app enables customers to discover and reserve tables at restaurants while also booking tickets for movies, sports, live performances, among other events.
Inc42 has reached out to Zomato for comments on the development. The story will be updated based on the response.
The Blinkit parent has introduced this new feature banking on its profitable dine-out business, operating at a run-rate of more than $500 Mn annualised gross order value, as per the company’s CEO Deepinder Goyal.
This comes at a time when the foodtech major has been on the highway of multiple new feature launches to stay ahead of its competitors.
Earlier this week, ‘Book Now, Sell Anytime’ feature of Zomato went live on its app, allowing users to buy event tickets in advance and re-sell it on the app itself in case of any last-minute changes.
Additionally, it launched a new feature ‘Food Rescue’, a few days ago, which lets users buy cancelled food orders from nearby areas, with an eye on reducing food wastage.
On the back of the strong growth in its quick commerce business Blinkit, Zomato’s net profit surged 389% to INR 176 Cr in the September quarter (Q2) of the financial year 2024-25 (FY25) from INR 36 Cr in the year-ago period.
Also, the company’s operating revenue zoomed 68.5% to INR 4,799 Cr in the reported quarter from INR 2,848 Cr in Q2 FY24.
