ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/deepinder-goyal” target=”_blank”>Deepinder Goyal, CEO of rel=”dofollow” href=”https://economictimes.indiatimes.com/eternal-ltd/stocks/companyid-57948.cms” data-ga-onclick=”Inarticle articleshow link click#Tech#href” target=”_blank”>Zomato parent rel=”dofollow” href=”https://economictimes.indiatimes.com/eternal-ltd/stocks/companyid-57948.cms” data-ga-onclick=”Inarticle articleshow link click#Tech#href” target=”_blank”>Eternal on Thursday listed three key reasons behind a slowdown in ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/food-delivery” target=”_blank”>food delivery – the company’s biggest revenue and profit generator. He said that sluggish demand environment, a temporary shortage of delivery workers due to high demand for ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/gig-workers” target=”_blank”>gig workers in quick commerce, and competition from rapid delivery of packaged food in ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/quick-commerce” target=”_blank”>quick commerce are leading to a drop in demand from restaurants.
For the January-March period, Zomato, which is Eternal’s food delivery business, reported a 16% year-on-year rise in…
