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CosmicTaco
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Grapevine

Zomato to Launch New App 'District' for Expanding 'Going-Out' Business

  • Zomato announced the launch of 'District,' a new app consolidating dining, ticketing, and other lifestyle services, marking an ambitious expansion beyond its core food delivery services.
  • CEO Deepinder Goyal revealed the app in a letter to shareholders, highlighting its potential to become a one-stop destination for dining out, movies, sports ticketing, live performances, shopping, and staycations.
  • The 'going-out' business is already profitable with a run-rate of over $500 million annualized Gross Order Value (GOV), and Zomato aims to further expand this offering.
  • The move positions Zomato in direct competition with apps like BookMyShow, which currently dominates the online movie-ticket booking market in India.
  • Zomato's net profit surged to Rs 253 crore in the June quarter, with revenue rising 74 percent to Rs 4,206 crore, indicating strong growth despite broader e-commerce sector challenges.

Source: Zomato

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by FloatingHamsterAssociate Cloud Engineer

Zomato new app district

What your thought about this app ? Btw any idea how can i be part of this new app ? What should i do to join their new team ?