iifl-logo

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

sidebar image

Zomato's Intercity Delivery Service Bites the Dust

23 Aug 2024 , 11:25 AM

Zomato, the meal delivery platform, has discontinued its interstate food delivery service, Zomato Legend, according to its CEO, Deepinder Goyal, in a post on X.

“Update on Zomato Legends–after two years of trying, not finding product market fit, we have decided to shut down the service with immediate effect,” Goyal informed investors on Thursday.

The service’s most recent version, released in 2022, was its third avatar. Zomato switched to delivering directly from restaurants rather than pre-stocked food products, although the service now requires a minimum order value of Rs 5,000.

Zomato Legends was revived in July after being halted in April of this year, as ET previously reported.

In its second version, the company modified the model to transport pre-stocked commodities from other locations in a quicker time frame. A top firm executive had previously told ET that next-day deliveries did not satisfy clients’ thirst.

Siddharth Jhawar, Zomato’s vice-president and head of Zomato Legends, left in November 2022 to manage the India operations of Tiger Global-funded machine learning-based advertising tech platform MOLOCO.

In its second version, the company modified the model to transport pre-stocked commodities from other locations in a quicker time frame.

For feedback and suggestions, write to us at editorial@iifl.com

Related Tags

  • Legends
  • Zomato
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

Knowledge Center
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Capital Services Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Loading...

Follow us on

facebooktwitterrssyoutubeinstagramlinkedintelegram

2025, IIFL Capital Services Ltd. All Rights Reserved

ATTENTION INVESTORS

RISK DISCLOSURE ON DERIVATIVES

Copyright © IIFL Capital Services Limited (Formerly known as IIFL Securities Ltd). All rights Reserved.

IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)

ISO certification icon
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.