10th Indian Delegation to Dubai, Gitex & Expand North Star – World’s Largest Startup Investor Connect
Tech

Zomato Shuts Intercity Offering ‘Legends’


SUMMARY

Zomato CEO Deepinder Goyal said that despite trying for two years, the company failed to find the product market fit for Legends

Last month, Zomato relaunched the offering in Delhi NCR and Bengaluru. The company had suspended the service in April this year

Zomato launched ‘Intercity Legends’ in August 2022 to deliver popular dishes from cities across India to different regions

Just a month after it relaunched intercity food delivery service ‘Zomato Legends’, the foodtech giant’s founder and CEO Deepinder Goyal said that the service has been discontinued. 

“After two years of trying, not finding product market fit, we have decided to shut down the service (Zomato Legends) with immediate effect,” Goyal said in a post on X. 

In July, it was reported that the service was relaunched in Delhi NCR and Bengaluru, and the company had plans to expand to other cities as well. It is pertinent to note that the service was suspended by Zomato in April this year in a bid to streamline and consolidate its operations.

Zomato launched ‘Intercity Legends’ in August 2022 to deliver popular dishes from cities across India to different regions. 

A year later, it tweaked the model to deliver pre-stocked items from other cities within a shorter delivery timeline. 

The move to shut Legends is in line with Zomato’s strategy to experiment with new offerings, particularly for the food delivery vertical, and shut those which are not getting enough traction.

Zomato has launched a number of new services and offerings in the ongoing calendar year. In April, it launched a ‘large order fleet’ to deliver large orders for up to 50 people. Later, it expanded its home-cooked meal service ‘Zomato Everyday’, and is also piloting priority deliveries in Bengaluru and last mile deliveries for office goers. Besides, it also rolled out a partner restaurant focused initiative ‘Restaurant Services Hub‘ earlier in June. 

Meanwhile, it suspended its logistics business ‘Xtreme’ last month. 

Besides its food deliveries business and rapidly growing quick commerce vertical Blinkit, the company is now focusing on scaling up its third B2C business vertical, Going Out. It is currently planning to spin off this vertical into a separate app District, which is expected to be unveiled in the coming weeks.

To bolster its entertainment ticketing business, the company is acquiring Paytm’s entertainment and ticketing business for INR 2,048 Cr in an all-cash deal. 

The company will be following the strategy it adopted with Blinkit, wherein eventually the Zomato app would just have a button to launch the District app.





Source link

by Siliconluxembourg

Would-be entrepreneurs have an extra helping hand from Luxembourg’s Chamber of Commerce, which has published a new practical guide. ‘Developing your business: actions to take and mistakes to avoid’, was written to respond to  the needs and answer the common questions of entrepreneurs.  “Testimonials, practical tools, expert insights and presentations from key players in our ecosystem have been brought together to create a comprehensive toolkit that you can consult at any stage of your journey,” the introduction… Source link

by WIRED

B&H Photo is one of our favorite places to shop for camera gear. If you’re ever in New York, head to the store to check out the giant overhead conveyor belt system that brings your purchase from the upper floors to the registers downstairs (yes, seriously, here’s a video). Fortunately B&H Photo’s website is here for the rest of us with some good deals on photo gear we love. Save on the Latest Gear at B&H Photo B&H Photo has plenty of great deals, including Nikon’s brand-new Z6III full-frame… Source link

by Gizmodo

Long before Edgar Wright’s The Running Man hits theaters this week, the director of Shaun of the Dead and Hot Fuzz had been thinking about making it. He read the original 1982 novel by Stephen King (under his pseudonym Richard Bachman) as a boy and excitedly went to theaters in 1987 to see the film version, starring Arnold Schwarzenegger. Wright enjoyed the adaptation but was a little let down by just how different it was from the novel. Years later, after he’d become a successful… Source link