As the industry protests deep discounts, the test of Zomato's Gold membership plan will be in renewals next year
Ola's food business will focus on becoming a food-first company with a massive kitchen infrastructure and a slew of brands
Launched in January 2018, Zomato Gold allows diners to avail an extra drink or an extra food item at the cost of one
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Besides Zomato, in which Info Edge owns 26% stake, naukri.com is also likely to report robust growth leading to improved cash flows
Restaurant membership of Gold has shot up after #Logout
On the business segments, Goyal said in the 'food delivery' segment, in April 2019, the company was present in 200 cities
In October, Zomato will go live with 12 new originals, one every week
NRAI said extension of Gold to delivery would be 'suicidal' for the vertical
Zomato had laid off 541 employees across its customer, merchant and delivery partner support teams earlier this month
Restaurants make it clear they won't be part of membership scheme
The association had raised critical issues such as deep discounting, data masking, high and uneven commission charges with the delievery aggregators
The food delivery platform's OTT foray comes at a time when online marketplace Amazon is going big with Prime Video and Flipkart is working on its own content vertical
Introduced in July, the Infinity Dining programme allowed Zomato's Gold subscribers to order unlimited food and drinks at a set price from the menu of partner restaurants
Zomato Media Pvt., in which Info Edge holds a 26.38% stake, laid off 541 people on Sept. 7, Business Standard had reported
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On Thursday, Goyal had tweeted that its delivery partners' monthly income crossed Rs 200 crore for the first time
Zomato maintains that it was forced to rationalise the staff strength.
The reason behind the move is an improved Zomato platform with Artificial Intelligence (AI)-driven bots and automation
On August 26, NRAI had written to Zomato, Swiggy, UberEats, and Foodpanda, raising eight critical issues it has with the companies