Zomato to launch 10-minute food delivery service

22 Mar 2022 , 11:20 AM

The food-delivery giant, Zomato Limited’s founder Deepinder Goyal has informed that the company will soon launch its food delivery service Zomato Instant.

Earlier, the company was in talks with restaurant partners and cloud kitchens to shape the 10-minute service delivery platform initiated in Gurugram.

The company aims to serve the customers through “a dense finishing stations’ network” located alongside high-demand customer neighborhoods.

He further informed that the finishing stations will have approximately 700-1200 square feet of area. Zomato will be using Hyper pure warehouses and may rent some new facilities in high-density areas to cater to the demands.

The pilot will run from next month in Gurugram through four stations.

The company has committed $400 million to expand and grow the quick e-commerce category in India and is considering a merger with ultra-fast grocery delivery startup Blinkit. It has already approved the plan to extend a loan of $150 million to the grocery delivery startup.

Meanwhile, the share price of Zomato is currently trading at Rs80.10 down by Rs0.25 or 0.31% from its previous closing of Rs80.35 on the BSE. It has touched a high and low of Rs81.55 and Rs79.30 respectively.