Zomato Launches Feature For Users To Schedule Order Two Days In Advance

Zomato Launches Feature For Users To Schedule Order Two Days In Advance

SUMMARY

Zomato has unveiled an ‘order scheduling feature’, which will now give users an option to schedule deliveries from two hours to two days in advance. 

This comes days after the platform hiked its fee for the fourth time this year, to INR 10, ahead of the festive season. 

Zomato’s rival Swiggy already has a similar service called ‘Swiggy Scheduled,’ which was initially launched in 2018.

Foodtech major Zomato has unveiled an ‘order scheduling feature’, which will now give users an option to schedule deliveries from two hours to two days in advance. 

“This feature is now available at more than 35,000 restaurants across 30 cities – Delhi, Bengaluru, Mumbai, Pune, Raipur, Ahmedabad, and others,” the company said in a blog post on Friday (October 25). 

This comes days after the platform hiked its fee for the fourth time this year, to INR 10, ahead of the festive season. 

Notably, Zomato’s rival Swiggy already has a similar service called ‘Swiggy Scheduled,’ which was initially launched in 2018.

The company has also received board approval to raise INR 8,500 Cr (around $1 Bn) through a qualified institutional placement (QIP).

However, after five consecutive quarters of profit growth, the foodtech giant reported a 30% drop in consolidated net profit, which fell to INR 176 Cr in the latest quarter from INR 253 Cr in the previous June quarter. 

This quarter-on-quarter (QoQ) decline was driven by rising expenses. However, on a year-on-year (YoY) basis, profits surged 389% from INR 36 Cr in Q2 FY24.

Despite the profit slump, Zomato’s offline business saw rapid growth this quarter, partly due to its recent acquisition of Paytm Insider.

Meanwhile, in the highly competitive quick commerce space, Zomato is battling players like Swiggy Instamart, Zepto, and Tata-owned BigBasket, as well as new entrants like Reliance’s JioMart and Flipkart’s Minutes.

Notably, Zomato’s Blinkit recently lost market share in the Delhi NCR region, dropping from 47% to 42%.

You have reached your limit of free stories
This Diwali, Get Up To 72% Off On Inc42 Plus

Become A Startup Insider With Inc42 Plus

Offer Fading Away This Week
countdownmail.com
2 YEAR PLAN
₹19999
₹6999
₹291/Month
UNLOCK 65% OFF
Cancel Anytime
1 YEAR PLAN
₹9999
₹3999
₹333/Month
UNLOCK 60% OFF
Cancel Anytime
Already A Member?
Discover Startups & Business Models

Unleash your potential by exploring unlimited articles, trackers, and playbooks. Identify the hottest startup deals, supercharge your innovation projects, and stay updated with expert curation.

Zomato Launches Feature For Users To Schedule Order Two Days In Advance-Inc42 Media
How-To’s on Starting & Scaling Up

Empower yourself with comprehensive playbooks, expert analysis, and invaluable insights. Learn to validate ideas, acquire customers, secure funding, and navigate the journey to startup success.

Zomato Launches Feature For Users To Schedule Order Two Days In Advance-Inc42 Media
Identify Trends & New Markets

Access 75+ in-depth reports on frontier industries. Gain exclusive market intelligence, understand market landscapes, and decode emerging trends to make informed decisions.

Zomato Launches Feature For Users To Schedule Order Two Days In Advance-Inc42 Media
Track & Decode the Investment Landscape

Stay ahead with startup and funding trackers. Analyse investment strategies, profile successful investors, and keep track of upcoming funds, accelerators, and more.

Zomato Launches Feature For Users To Schedule Order Two Days In Advance-Inc42 Media
Zomato Launches Feature For Users To Schedule Order Two Days In Advance-Inc42 Media
You’re in Good company