Zomato discontinues grocery delivery
Recently listed and one of India’s biggest online food delivery platforms will stop delivering groceries from this week. Zomato is shutting down its grocery delivery business for the second time in two years.
The company said that it had taken this decision due to infrastructure gaps in the highly competitive online grocery segment. It added that recently acquired Grofers will generate better outcomes for its shareholders than the in-house grocery division. Meanwhile, shares of the company were up 0.9% today.
Recently listed and one of India’s biggest online food delivery platforms will stop delivering groceries from this week. Zomato is shutting down its grocery delivery business for the second time in two years.
The company said that it had taken this decision due to infrastructure gaps in the highly competitive online grocery segment. It added that recently acquired Grofers will generate better outcomes for its shareholders than the in-house grocery division. Meanwhile, shares of the company were up 0.9% today.
#NayeBharatKaNayaStation Lounge at New Delhi Railway Station for all passengers.
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