Zomato to launch delivery logistic service

Zomato to launch delivery logistic service Monday 8 May 2023 15:27 CET | News India-based food delivery company Zomato has announced its preparations of launching a logistics solution to deliver multiple customer goods for other ecommerce players.

Zomato, the India-based food delivery company, is set to launch a logistics solution to deliver various goods to other ecommerce players, including food products, pharmacy products, and grocery aggregators. According to reports, Zomato has already successfully fulfilled thousands of deliveries for its clients. The feature will initially focus on the business-to-business model, with a price range of Rs 38 to Rs 52 per kilometer for the service.

Zomato has been actively expanding its offerings in the instant-grocery delivery market, having acquired instant delivery company Blinkit for USD 568 million in 2022. The startup aimed to provide quick 10-minute grocery deliveries for customers in the region. Zomato saw the industry grow both in India and globally and recognized the customers’ value in quick delivery of products such as food, groceries, and essentials.

Additionally, Zomato’s partnership with Blinkit aimed to improve its instant grocery delivery pay and was synergistic with its core food company. In February, data and analytics company GlobalData highlighted Zomato’s growth potential, especially with the growing prominence of BNPL (buy now, pay later) services in India. Zomato has a network of nearly 390,000 restaurants and 32 million monthly active users. As per GlobalData’s Financial Services Consumer Survey conducted in Q1 and Q2 of 2021, 55% of respondents from India stated that they used BNPL services for online payments.

Meituan Plans Share Buyback Valued at Up to $1.0 Billion Author: Borys Gitelman
Deliveroo Sees Expansion Into Non-Food Driving Growth Author: Borys Gitelman
Meituan’s Profit Tripled on Rising Chinese Consumption Author: Borys Gitelman
Instacart Adds Peacock As First-Ever Streaming Partner Author: Borys Gitelman
Delivery Hero-owned Baemin to exit Vietnam in December Author: Borys Gitelman
Uber Shuts Down Instant Delivery In NYC Author: Borys Gitelman
Swiggy gears up for $1 billion IPO, SoftBank may sell stake Author: Borys Gitelman
The EU Wants to Fix Gig Work, but Uber Has Its Own Ideas Author: Borys Gitelman
Just Eat Growth Momentum Stalls In Ireland Author: Borys Gitelman
Amazon to sell Hyundai vehicles online starting in 2024 Author: Borys Gitelman
Britain’s Ocado secures first deal beyond grocery retail Author: Borys Gitelman