Zomato: Closing In The UAE On Nov 24
According to the information provided by the Zomato Spokesperson to a mainstream media outlet, the Food Delivery giants are about to discontinue their food ordering feature from November 24.
In order to aid the current user’s continuity, the Zomato site will be redirected to the Kuwait-based online food delivery service Talabat.
Zomato Is Shutting Down: What Is The Reason Behind In This?
Two of the company’s top executives quit a few days before the current announcement. Rahul Ganjoo, head of new projects at Zomato, left his position yesterday, the business announced to the stock exchanges, ending a five-year tenure.
As head of product management, Ganjoo joined the food technology company in August 2017. His promotion to Co-CEO of food delivery occurred in October 2020 and he took over leadership of the new initiatives vertical four months ago.
The sudden closure is expected to cause ramifications throughout the UAE network as scores of working-class employees will be laid off from their jobs indefinitely. But functioning as a temporary relief, the company has confirmed its intent to share social security aides to the employee benefit.
The impacted employees will get a severance payment, which, according to the spokesperson’s statement, will cover the cost of healthcare for our individuals and their families as well as financial and immigration support, as well as outplacement alternatives.
The spokesman continued by saying that as a company, they are in a good position to appropriately support their employees as they move in the most advantageous manner for their careers. They concluded by saying that they sincerely appreciated the contributions and dedication each of them had made to developing Zomato’s meal delivery service.
On a similar note, ‘Vibe Check’ and ‘Zomato Pay’ are two new services that Zomato announced, claiming to be “redefining the way our customers experience dining out.”
Partner restaurants can now promote themselves more easily thanks to Vibe Check, which is life in some Indian cities. To showcase their locations and specialties, restaurants can post brief videos that are similar to Instagram stories. Users can pay with Zomato Pay and take advantage of discounts and other deals.
Zomato And Talabat
Zomato sold Talabat its UAE-based meal delivery business for $172 million back in 2019. According to the agreement, Zomato has been offering services to Talabat in the UAE ever since the transaction in exchange for payment of costs.
We want to thank you for being a dependable partner of Zomato meal ordering throughout the years, Zomato said in a statement to its restaurant partners. They went on to state that their assistance was crucial in providing their devoted consumers with a wonderful experience and making them happy. They expressed their best wishes for the partners’ company’s future growth and expressed interest in working with them to expand their dining-out industry.
Success In India: Catalyst For The Discontinuance?
Zomato has significantly increased its focus on its operations in India and stopped operating in a number of other international markets, including the US, UK, Singapore, Lebanon, and a few others.
Zomato released its Q2 financial year 2023 results on November 10. In comparison to the same quarter last year, its consolidated revenue for the quarter (July-August-September) increased by 62.20 percent to Rs 1,661.30 crore.
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