Food aggregator company Zomato has now started hyperlocal delivery through its Xtreme app. Xtreme is a logistics service, through which merchants get the facility to send or order any parcel.
Food aggregator company Zomato has now started hyperlocal delivery through its Xtreme app. This service will be available at all those places where till now food delivery is done by the company. Let us tell you that at present Zomato provides food delivery service in about 750-800 cities. Xtreme is a logistics service, through which merchants get the facility to send or order any parcel. Zomato currently has about 3 lakh delivery partners.
Let us understand what is Zomato Xtreme
This app is for intra-city package delivery. Under this, a maximum package of 10 kg can be delivered, the starting price of which is Rs 35. Merchants will be able to track their shipments. At present only Android users can use this feature. Let us tell you that Zomato had started testing B2B logistics service in the month of May itself. This service of Zomato will compete with businesses like Swiggy’s Genie, Dunzo’s D4B, Loadshare, VFast, Blowhorn.
What will be the impact on the financial condition of the company?
Online food delivery company Zomato had released the results of the first quarter of this year some time ago. The company has made a profit of Rs 2 crore in the June quarter. This is the first time that the company has become profitable. The company had suffered a loss of Rs 186 crore in the same quarter last year. The company had suffered a loss of Rs 188 crore in the March quarter also.
In this quarter, the company’s revenue increased by about 71 percent to Rs 2,416 crore, which was Rs 1,414 crore in the same quarter a year ago. In such a situation, after becoming profitable, the company has now planned to expand its business. Zomato wants to create multiple sources of income. Besides, the target of the company is also to remain profitable in the coming quarter also. However, by entering a new field, it is expected that Zomato will incur huge expenses and the company may again have to suffer some losses.
