Zomato’s New ‘District’ App to Expand Going-Out Services with Movie, Dining, Live Shows, and More

2 Minutes Read
Zomato
Zomato’s New ‘District’ app for Dining, Movies, and More. | Image Source: X/ @deepigoyal

Summary

Zomato’s new app 'District' expands beyond food delivery to offer dining, movies, shopping, and more, challenging BookMyShow.

Zomato is expanding its services with a new app to be launched soon known as ‘District’. This platform will go beyond food delivery to offer a range of services including dining out, movie tickets, sports events, live shows, shopping, and staycations, all in one place.

This New District app aims to compete with BookMyShow, which currently leads the online movie ticket market in India with a 60% share. Zomato’s CEO, Deepinder Goyal, announced this move in a letter to shareholders, marking the company’s entry into a wider range of lifestyle services.

Advertisement

How Will the District App Work?

Company’s new District app aims to become a one-stop shop for various “going-out” activities. It will build on Zomato’s existing dining services and add features for booking movie tickets, sports events, live shows, shopping, and staycations.

CEO Deepinder Goyal believes that the District app could significantly change how people plan their outings. If successful, the District app could become a major new part of Zomato’s business, alongside its current food delivery and quick commerce services.

After sharing Zomato’s first-quarter results with shareholders, CEO Deepinder Goyal talked about the exciting growth opportunities with their new District app. He mentioned that while Zomato and Blinkit focus on serving customers at home, there’s a big chance to grow in the “going-out” market.

Goyal also mentioned that Zomato’s dining-out business is doing very well, which is currently generating over $500 million in annual sales.

Also Read: New FASTag Rules Effective From August 1: Complete Your KYC or Face Penalties

In June, Zomato also announced that it is in talks to acquire Paytm’s movie and ticketing business, further expanding into the ‘going-out’ sector.

Unlike its competitors Swiggy and BigBasket, which have developed super apps, Zomato is concentrating on merging its Dining-out and Zomato Live services into the new District app. This approach will aim to provide a unified and complete experience for customers seeking various entertainment and outing options.

Want to learn the art and science of managing your money? The 1% Club can help. Details here

Share the Post:

Explore Money School

Popular Posts

Explore Money School

Leave a Reply

Also read other articles

India’s real GDP grows 8.4% in Q3FY24; yearly growth rate estimated at 7.6%

India's real or inflation-adjusted Gross Domestic Product (GDP) grew by 8.4% during the October-December quarter of FY24

Why SEBI stopped fresh inflow into Mutual Funds investing in Overseas ETFs

SEBI has asked mutual funds AMCs in India to stop accepting fresh inflows into schemes that invest in overseas ETFs

Need cash fast? Try Aadhaar ATM for easy withdrawals at home – Here’s how

Experience hassle-free cash withdrawals & payments with IPPB's AEPS service, using Aadhaar for secure transactions from your doorstep!

Save Up to 20% at Accor Hotels with your American Express Credit Card

Special savings for American Express cardholders. Enjoy luxurious stays at Accor Hotels with up to 20% off and breakfast.

Over 2 Lakh People Have Taken

Control of Their Financial Freedom

Financial Independence is the superpower
that can open a whole new world
of possibilities for you.

Join The 1% Club to know how it's done

Discover more from The 1% News

Subscribe now to keep reading and get access to the full archive.

Continue reading

Discover more from The 1% News

Subscribe now to keep reading and get access to the full archive.

Continue reading

Subscribe Now

Subscription Form