Zomato has announced the launch of a District APP (by Zomato) that aims to expand its services beyond food delivery and instant commerce. The District App will serve as a comprehensive platform for various "night out" activities, including dining, cinema, sports tickets, live performances, shopping, and stays.
The initiative is expected to be Zomato's third major B2C venture following its success in food delivery and instant commerce with Blinkit. Zomato's dining out business currently includes the Dine-In and Zomato Live verticals.
CEO Deepander Goyal highlighted that Zomato's restaurant business is already profitable with an annual gross order value (GOV) of over $500 million. The District (by Zomato) APP aims to integrate and enhance these services, providing users with a seamless experience for all their out-of-home needs.
Zomato CFO Akshat Goyal said, “We plan to launch District as a separate app and brand. It will be similar to the way we built Blinkit, but at the same time make sure we keep your customer acquisition costs low by leveraging on-app traffic.”
Expansion of the nightlife business
In a recent letter to shareholders, Zomato CEO Deepinder Goyal highlighted that the company's restaurant business currently has an annual gross order value (GOV) of over $500 million and has achieved profitability. Goyal emphasized that there is significant potential for further diversification in the nightlife space by integrating additional services.
"Launching 'Jilla' as a comprehensive District (by Zomato) APP can revolutionize the nightlife experience," Goyal said. "We aim to create a one-stop solution for all nightlife needs, which if implemented effectively can become the third largest B2C business for Zomato."
Strategic Initiatives and Acquisitions
District (by Zomato) APP is also looking for strategic measures to promote this new initiative. Recently, the company was in initial discussions with Paytm for a possible acquisition of its movie ticketing and events business. The move is in line with Zomato's strategy to expand its presence in outbound markets.
Chief Financial Officer Akshant Goyal explained that the district app will be launched as an independent entity, similar to Blinkit's approach. “We plan to leverage the existing traffic from our food delivery app to support the launch of District. We aim to keep customer acquisition costs low by leveraging the user base of the Zomato app,” he added.
Performance and financial position
Zomato's 'night out' business, which includes dine-in and Zomato Live verticals, has seen significant growth. The segment contributed INR 95 crore to Zomato's revenue in the quarter under review, up 126% from INR 42 crore in the first quarter of FY2024.
Overall, Zomato's financial performance for the first quarter of FY25 shows strong growth. The company reported a consolidated net profit of INR 253 crore, a significant increase from INR 2 crore in the year-ago quarter. Income from operations grew by 74% to INR 4,206 crore year-on-year from INR 2,416 crore.
How does the District (by Zomato) APP work?
Goyal believes that developing a comprehensive app for move-out services could be a game-changer. The District app will build on the existing restaurant business and include additional use cases such as movies, sports tickets, live performances, shopping, and vacations.
The move is aimed at making Going Out the third major B2C company to spin out of Zomato.
"Creating a one-stop destination app for going out can be a game-changer for any of these use cases, and that's what we want to achieve with our new District (by Zomato) APP (from Zomato) if it goes well," Goyal said. if executed." "Exiting Zomato will be the third major B2C company to exit."
How to download the District (by Zomato) APP?
- Open the browser on your phone and visit the website
- Search for Miregaloff and open it.
- Select the version you want to download
- Now click on "Download" to download the app.
- Now enjoy all apps
FAQs:
Q. District (by Zomato) APP is from which country?
District (by Zomato) APP is an Indian multinational restaurant aggregator and food delivery service. It was founded in 2008 by Dipendra Goyal and Pankaj Chadha.
Q. Why doesn't the District (by Zomato) APP deliver to my location?
No live tracking. If you cannot find your order at your location, your address may be outside the delivery area. Zomato delivery availability depends on the restaurant and its delivery zone.
Q. How to add an address on the District (by Zomato) APP?
Open Zomato: The first and most basic step to start this process is to open Zomato. You can open the app or open it as well. In any case, you can edit the address. Step 2: Point to your profile and click on it: Click on your profile in the upper right corner.
Conclusion
Zomato has announced the launch of a District APP called District that aims to expand its services beyond food delivery and instant commerce.
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