Eternal shuts down Zomato Quick, Everyday after tepid demand

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Zomato parent Eternal has closed its 15-minute food delivery service Quick and homely meals segment Everyday as both services failed to muster enough demand, CEO Deepinder Goyal said in a letter to shareholders while announcing the financial results for the January-March quarter on Thursday.The decision to shut these two services was taken as the company was “not seeing the path to profitability in these without compromising on customer experience”, Goyal said.

The current restaurant density and kitchen infrastructure are not conducive to 10-minute…



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Eternal shuts down Zomato Quick, Everyday after tepid demand


Zomato parent Eternal has closed its 15-minute food delivery service Quick and homely meals segment Everyday as both services failed to muster enough demand, CEO Deepinder Goyal said in a letter to shareholders while announcing the financial results for the January-March quarter on Thursday.The decision to shut these two services was taken as the company was “not seeing the path to profitability in these without compromising on customer experience”, Goyal said.

The current restaurant density and kitchen infrastructure are not conducive to 10-minute…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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