ETERNAL

Zomato announced its January-March quarter results for fiscal 2024-25 (Q4FY25) on Thursday, May 1, and informed it's shareholders that the leading food delivery giant will shut down it's 15-minute food delivery service 'Quick' and Zomato Everyday. Zomato ‘Quick’ was launched just four months ago. Responding to a question on Zomato 'Quick' and Zomato ‘Everyday’, chief executive officer (CEO) Deepinder Goyal said in a letter to shareholders, “We are shutting down both initiatives as we do not see the path to profitability in these without compromising on customer experience. The current restaurant density and kitchen infrastructure is not set up for delivering orders in 10 minutes which leads to inconsistent customer experience.”