Based on the e-commerce rollup model, the ‘house of food brands’ will acquire 8 more legacy brands by FY 2022-23, with a targeted cumulative revenue of ₹120 Cr generating 100+ direct and indirect jobs across the country.
The Bengaluru based food delivery platform also mentioned that its food delivery business had surpassed pre-Covid levels and non-food businesses were witnessing robust growth.
Despite being classified as an “essential service”, Zomato said it has been operating at 30% delivery capacity because it has been facing issues across the cities due to lockdown.
In the wake of the Coronavirus pandemic throughout the world, Zomato said that it will extend the paid Gold memberships by two months at zero additional cost.
While restaurant traffic goes down due to self isolation, ironically pizza chains - especially those with an emphasis on delivery could be a rare sector that sees more business during the pandemic