After Swiggy’s Bolt, foodtech major Zomato has launched a 15-minute food delivery service
The service is currently operational in parts of Delhi NCR
Zomato’s app shows an option for quick deliveries in a radius of about 2 km
After Swiggy’s Bolt, foodtech major Zomato
has launched a 15-minute food delivery service.
The service is currently operational in parts of Delhi NCR. Zomato’s app shows an option for quick deliveries in a radius of about 2 km.
Inc42 has reached out to Zomato for further information on the launch of the new service. The story will be updated on receiving a response.
The development was first reported by ET.
This comes months after Swiggy launched its quick food delivery service Bolt in October last year in select cities like Delhi NCR, Bengaluru, Chennai, Hyderabad, Mumbai and Pune.
For the same, Swiggy has partnered with over 2,700 restaurants, including popular global chains such as KFC, McDonald’s and Starbucks, to offer quick-to-prepare items to customers within a two kilometre radius.
It is also pertinent to note that Zomato’s quick commerce arm Blinkit launched a new app ‘Bistro’ last month to deliver meals, snacks, and beverages like tea and coffee in up to 15 minutes.
Earlier today, Zomato’s shares plummeted 5% after Jefferies presented a bearish outlook. The brokerage firm gave a ‘Hold’ rating to the stock citing the growing competition in the quick commerce space in India.
Now, the same can be said about the intense battle in the food delivery space on quick deliveries. For instance, Swiggy recently announced plans to expand its quick food delivery services in 400 more cities.
Swiggy has already launched ‘Cafe’ to deliver snacks and beverages in up to 15 minutes. The service is currently available in select areas of Bengaluru.
Meanwhile, Zepto delivers fast food in 10 minutes under its ‘Zepto Cafe’ offering. Recently, the company also launched a separate app for it.
Other players trying to grab a share of the pie are Swish and Zing.
