Zomato Pilots Last-Mile Deliveries For Office Goers Inside Corporate Parks

Zomato Pilots Last-Mile Deliveries For Office Goers Inside Corporate Parks

SUMMARY

Zomato is conducting trials at “five-six places” in Gurugram to offer last-mile delivery to office goers inside corporate parks

The pilot is an experiment and the company would scale the service across top five cities depending on its outcome

Shares of Zomato closed 1.21% higher at INR 184.55 on the BSE on April 1

Foodtech major Zomato is reportedly piloting a new initiative which offers last-mile delivery to office goers inside corporate parks. 

According to Entrackr, the listed major has set up kiosks at “around five to six” corporate parks across Gurugram where a delivery executive can hand over the food parcel to the stationed team. Afterwards, a “walker” is tasked with delivering the item to the customer on their respective floor or exact location. 

As per the report, Zomato has likely made arrangements with corporate parks to “whitelist” these last-mile delivery partners. The foodtech major has also promised “no calls from delivery partners” to end customers and dedicated “walkers” for each floor.

The company declined to comment on Inc42’s queries on the matter.

“It’s an experiment at the moment and the company would scale this service across top five cities depending on the outcome of the pilot,” the report cited a source as saying. 

Meanwhile, another person familiar with the development reportedly said that these kiosks are receiving roughly 100 to 150 orders a day and the company expects the number to increase in the near future.

With this, Zomato is looking to emulate a model which is prevalent in China, where companies such as Meituan also station their teams at zones which house corporations and startups for efficient deliveries.

The development comes at a time when Zomato has been experimenting with a slew of new offerings to shore up its revenue. Last year, it piloted a platform fee (which now hovers around INR 3-5) and followed it up by signing a pact with the Indian Railway Catering and Tourism Corporation (IRCTC) to deliver pre-ordered meals to railway passengers.

In February, it was reported that the foodtech major was mulling to expand its quick commerce arm Blinkit by adding more brands across new categories to compete with ecommerce marketplaces such as Amazon and Flipkart.

Meanwhile, the company continues to post healthy financial results, reporting its third consecutive profitable quarter in Q3 FY24. Its net profit quadrupled sequentially to INR 138 Cr in Q3 FY24 while operating revenue jumped 15% quarter-on-quarter to INR 3,288 Cr.

It has also emerged as a favourite of investors, with Jefferies placing the stock in the list of “top picks” for the next five years.

Shares of Zomato closed 1.21% higher at INR 184.55 on the BSE on Monday (April 1).

Step up your startup journey with BHASKAR! From resources to networking, BHASKAR connects Indian innovators with everything they need to succeed. Join today to access a platform built for innovation, growth, and community.

You have reached your limit of free stories
Become An Inc42 Plus Member

Become a Startup Insider in 2024 with Inc42 Plus. Join our exclusive community of 10,000+ founders, investors & operators and stay ahead in India’s startup & business economy.

2 YEAR PLAN
₹19999
₹7999
₹333/Month
UNLOCK 60% OFF
Cancel Anytime
1 YEAR PLAN
₹9999
₹4999
₹416/Month
UNLOCK 50% 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 Pilots Last-Mile Deliveries For Office Goers Inside Corporate Parks-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 Pilots Last-Mile Deliveries For Office Goers Inside Corporate Parks-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 Pilots Last-Mile Deliveries For Office Goers Inside Corporate Parks-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 Pilots Last-Mile Deliveries For Office Goers Inside Corporate Parks-Inc42 Media
Zomato Pilots Last-Mile Deliveries For Office Goers Inside Corporate Parks-Inc42 Media
You’re in Good company