Zomato claims to have attained an order count of 38 million per month.
Presently Zomato has its presence in 213 cities of India.
Zomato stepping to provide its services in more than 500 cities in India.
Online food order and the delivery market is gaining aggressive velocity since the past few months. Folks are taking high interest and are enjoying ordering food online and eating them at their comfort zone. An estimate says that more than 50 Million online food delivery orders are placed in India every month. Zomato being a market behemoth in an online food order and delivery segment by himself claims to have attained an order count of 38 million per month. Zomato is experiencing an excessive hike in order counts by entering its business into Tier II and Tier III cities.
Online food ordering giant has its presence in 213 cities of India. The firm is expanding its reach to smaller cities and claims to reach 50% of its total orders from these cities by the end of 2019. It is building kitchen hubs in smaller cities to assist their restaurant partners to fulfill orders. Zomato had also shut down its cloud kitchen brand ZIS last year.
Swiggy hasn’t given an exact count of orders done by its platform but it is expected to have more order counts from Zomato. It has also launched Swiggy Store and delivers a variety of materials from meat, grocery to fruits and vegetables.
Zomato provides its services to more than 200 Million folks in India and by October 2019 it is planning to provide its services in more than 500 cities. Zomato is also in talks with management app Dunzo to acquire it. The company is trying its level best to give a tough competition to food delivery giant Swiggy, which is recently valued $3.3 Billion after having massive funds from Naspers, A South African conglomerate. Recently Zomato has raised $210 Million from Ant Financial, Alibaba’s payment affiliate. Ant Financial has taken a 10% stake of Zomato worth around $2 Billion. Zomato had also raised an additional $150 Million from same Ant Financial at the end of 2018.
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