Foodtech and quick commerce platform Zomato has announced the launch of ‘District,’ a new app dedicated to its “going-out” business, which includes dining and ticketing services for movies and events.
“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 our customers discover restaurants for dining out,” said Zomato founder Deepinder Goyal.
The launch of District comes on the heels of significant growth for Zomato, driven by its quick commerce arm Blinkit and HyperPure, its B2B food ingredients supply business. Zomato reported its best quarterly results in the first quarter of the ongoing fiscal year, with revenue from operations rising to Rs 4,206 crore in Q1 FY25, compared to Rs 3,562 crore in Q4 FY24, according to its consolidated financial results.
Zomato’s food and delivery business accounted for 46.17% of the total revenue in Q1 FY25, growing 11.7% to Rs 1,942 crore in the same period. Income from its “going-out” business and other non-operating income boosted Zomato Group’s overall revenue to Rs 4,442 crore in Q1 FY25.
Last year, Zomato launched a hyperlocal logistics service called Xtreme. However, the service was halted due to low adoption.
The introduction of District underscores Zomato’s commitment to expanding its offerings beyond food delivery, aiming to provide a comprehensive solution for consumers’ dining and entertainment needs.
