courtesy: HT
Zomato announced on August 1 the launch of ‘District’, a new app consolidating ‘going-out’ business, including dining and ticketing for movies and events. This would be an ambitious expansion beyond its core food delivery services and hyper commerce.
The move was unveiled by Zomato CEO Deepinder Goyal in a letter to shareholders, marking Zomato’s entry into a broader array of lifestyle services, encompassing dining out, sports, movies ticketing, shopping, staycations, live performances, and more – all withing a single platform.
“Today, Zomato and Blinkit are our two large consumer businesses, serving customers’ needs at home. However, we also have one of India’s largest going-out businesses, helping out customers discover restaurants for dining out,” stated Goyal without sharing the details over when the app will be made available.
He noted that the business is running at a run rate of over $500 million annualized Gross Order Value (GOV) and is already profitable.
The move to launch a new app will place Zomato in competition with apps such as BookMyShow, which currently dominates the growing online movie ticket booking market in India with a 60% share, combining movies, dining, and events.
