Zomato’s ‘District’ App Breaches 6.5 Mn Downloads

Zomato’s ‘District’ App Breaches 6.5 Mn Downloads

SUMMARY

District has crossed 6.5 Mn downloads, its head Rahul Ganjoo has said in shareholders letter

According to him, while Zomato’s core business is profitable, the company reported a quarterly loss in Q3FY25 due to investments in the District app

Launched in November last year, ‘District’ app enables customers to discover and reserve tables at restaurants while also booking tickets for events

Zomato’s ticket booking app District has crossed 6.5 Mn downloads, its head Rahul Ganjoo has said in shareholders letter. 

Launched in November last year, ‘District’ app enables customers to discover and reserve tables at restaurants while also booking tickets for movies, sports, live performances, among other events.

“Our immediate priority here is to ensure a smooth transition of customers to District from all the other platforms where our going-out business is currently live (i.e., Zomato/ Paytm/ Insider/ Ticketnew), paving the way for creating a single (one-of-a-kind) destination for all going-out experiences in India,” Ganjoo said. 

According to him, while Zomato’s core business is profitable, the company reported a quarterly loss in Q3FY25 due to investments in the District app, including team expansion, marketing, and technological advancements. 

In August 2024, Zomato had acquired fintech major Paytm’s ticketing arm Paytm Insider for INR 2,048 Cr. 

The company expects to operate at a loss for the next year as well. 

“We are likely to operate in losses for the next year or so, but we don’t expect them to be meaningful in the overall context of Zomato,” said Ganjoo. 

Ganjoo further explained that most of the company’s investments from here on will be focused on getting customers to transition to the new District app from Insider and Ticketnew, and grow selection on the platform.

Notably, Zomato raised INR 8,500 Cr (around $1 Bn) through qualified institutional placement (QIP) last year. A good chunk of the amount was to be invested to scale up the District app. 

The District app directly competes with ticketing major BookMyShow, while Swiggy has also entered this space with Scenes

Meanwhile, Zomato saw its consolidated net profit slump 57.2% to INR 59 Cr in Q3 FY25 from INR 138 Cr in the year-ago quarter due to a slowdown in the food delivery segment and rising competition in quick commerce.

On a sequential basis, profit declined 66% from INR 176 Cr.

Shares of Zomato ended Monday’s (January 20) trading session 3.14% lower at INR 240.95 on the BSE. 

You have reached your limit of free stories
Become A Startup Insider 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’s ‘District’ App Breaches 6.5 Mn Downloads-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’s ‘District’ App Breaches 6.5 Mn Downloads-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’s ‘District’ App Breaches 6.5 Mn Downloads-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’s ‘District’ App Breaches 6.5 Mn Downloads-Inc42 Media
Zomato’s ‘District’ App Breaches 6.5 Mn Downloads-Inc42 Media
You’re in Good company