Zomato launched its new service for merchants. Read more in this story>>
Zomato ventures into parcel delivery with “Xtreme”, utilizing its vast network of delivery partners to diversify its revenue stream.
Xtreme simplifies package delivery for merchants, enabling easy parcel distribution through its extensive delivery partner network
Merchants can send intra-city parcels weighing up to 10 kilograms, with prices starting at Rs 35, enhancing the reach of their services
Currently available on Android, Xtreme's availability on Apple's App Store remains uncertain
Xtreme competes with services like Swiggy Genie, Dunzo for business, LoadShare, and others, entering the hyperlocal delivery sector
Companies like Tata 1mg leverage Zomato's B2B offering, highlighting the importance of such partnerships in last-mile delivery services.
Zomato's Xtreme launch follows impressive Q1FY24 results, posting a net profit of Rs 2 crore and recording a 70.9% revenue increase.