Zomato’s takeaway service will see the foodtech unicorn offer zero-commission to restaurants
Zomatohas started a new takeaway service through which customers can pick up orders themselves from the restaurants.
- For those orders, the foodtech unicorn will operate under no commission and will also forego payment gateway charges.
- Zomato said that it is now at over 110% of pre-covid GMV run rate in the
Indian foodtech unicorn Zomato has started a new takeaway service through which customers can pick up orders themselves from the restaurants. For takeaway orders, Zomato said it will operate under no commission and will also forego payment gateway charges for those orders.
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We are introducing takeaway/self-pickup services at a much larger scale than before. Also making this service commi… https://t.co/tCfoFj9KIY— Deepinder Goyal (@deepigoyal) 1605674117000
“We are already live with 55,000+ restaurants on takeaway across the country and are serving tens of thousands of such orders weekly. This is another step we are taking towards helping the restaurant ecosystem get back on its feet quickly,” the company said in a blog.
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Through the takeaway feature on Zomato, users can see which restaurants have the takeaway tag. Zomato’s decision to start takeaway was because it saw that the growth in food delivery hasn’t been uniform and “the overall food service industry is still far from full recovery”.
However, it's a different story for Zomato itself which has seen a huge uptick in the number of orders in the recent months. Zomato said that it is now at over 110% of pre-covid GMV run rate in the food delivery business.
Zomato had recently got everyone’s attention with its latest funding rounds, which is known to be a pre-IPO round.Zomato had also recently raised $196 million in funding from Steadview Capital, Luxor, Kora and other investors. During the round, Zomato was valued at $3.6 billion.
According to reports, Zomato CEO Deepinder Goyal in an email to his employees said that the company is looking to list publicly in the first half of 2021.
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