Zomato to launch new app 'District' to capture its 'going-out' market

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Zomato to launch new app 'District' to capture its 'going-out' market - Business Standard

Quick Summary:

Zomato reported a net profit of Rs 253 crore for Q1FY25, a significant increase from the Rs 2 crore net profit reported during the same quarter last year.

He emphasized that Zomato and Blinkit are currently serving customers’ needs at home, but there is a large opportunity to expand into the going-out market.

Goyal highlighted the profitability of Zomato’s dining-out business, which is operating at a run rate of over $500 million in annualised Gross Order Value (GOV).