Zomato announced its results for the January-March fiscal year 2024-25 (Q4FY25) on Thursday, May 1, and informed its shareholders that the leading grain delivery giant will shut down its 15-minute daily catering service “fast” and Zomato. Zomato “Quick” was launched four months ago.
In response to questions about Zomato’s “fast” and Zomato’s daily service, Deepinder Goyal today said: “We are actually closing both initiatives because we don’t see the profitable pathways in these planned without compromise on restaurant density and kitchen infrastructure.
Zomato “Quick”, “Daily” Close
As a result, Zomato did not see any increments of demand when it ran rapidly over several months of experiments. Every day, food delivery giants realize that for OCE locations in metropolitan areas, the demand for home restaurants is primarily limited use cases. “We are not seeing enough ROI,” Zomato CEO Deepinder Goyal confirmed.
Zomato Davere is a fast food delivery option that appears on the Zomato Explore page on the app, offering ready-to-eat, home-cooked meals at selected restaurants within a radius of two kilometers. However, this option is no longer visible.
This is Zomato’s second attempt to break down the fast delivery market. Its earlier service – Zomato Intert launched in 2022 – promised 10 minutes of delivery in Bengaluru and Delhi NCR, but was closed by January 2023.
Eternal, which owns Zomato and Blinkit brands, reported merged net profit on Thursday ₹390 million for the fourth quarter ended March 31, 2025.
The company renamed itself Eternal in March and has released a net profit ₹1.75 million in the same period last year.
The company said in a regulatory filing that the results for the quarter and year ended March 31, 2025 and the end of December quarter were different from other periods.
The operating revenue of the company led by Deepinder Goyal in the January-March quarter is ₹58.33 million. During the year, it stands ₹The filing shows 35.62 million.
However, during the quarter of review, Eternal’s total expenses stood at ₹61.04 million.
Regulatory documents show Evernal has witnessed the widening losses in the rapid commercial business.
The Group’s revenue reporting areas include Indian food ordering and delivery; Ultra-General Supply (B2B Business); Blinkit (fast business); Regions (dining out and restaurants; and all other segments (residual).
