Gå ubegrenset med Magzter GOLD

Gå ubegrenset med Magzter GOLD

Få ubegrenset tilgang til over 9000 magasiner, aviser og premiumhistorier for bare

$149.99
 
$74.99/År

Prøve GULL - Gratis

"Our internal efficiency has now improved significantly'

Mint Mumbai

|

November 22, 2023

Online food ordering platform Zomato has a lot to prove after its 2021 public listing. Driving profitability consistently, and ensuring the restaurant community is at ease with its policies, as well as boosting customer acquisition in a country which loves home-cooked food, while ensuring the well-being of its rider ecosystem.

- Suneera Tandon

"Our internal efficiency has now improved significantly'

In an interview at its headquarters in Gurugram, the chief executive of food delivery at Zomato, Rakesh Ranjan, talks at length about its plans to get customers to order more, competition in the ordering-in market, and chasing profitability. Edited excerpts:

Sunday's match would have been a big ordering-in occasion, but did the Indian team's loss dampen consumer mood?

You can clearly see on the basis of order volumes how well India is performing there is a very strong correlation. Of course, there are watch parties, people go out, and this is the first time that there is an event like this, where there was no fear of covid. Orders did not drop dramatically because people had committed themselves to watching the match. For example, when the first three wickets fell (when India was bowling), order volumes shot up. But towards the end, it was moderately less than what we thought it would be.

Earlier this year the m INTE management said in 10 years from now, Blinkit (quick commerce) will drive more value for shareholders than Zomato. Does that mean food delivery as a business will plateau?

FLERE HISTORIER FRA Mint Mumbai

Mint Mumbai

Nelco crosses first step to satcom reselling licence

Tata Group-owned Nelco Ltd has received the government's preliminary approval to resell satellite internet services to consumers by partnering with companies such as Elon Musk’s Starlink, OneWeb, Amazon's Kuiper and Jio Satellite, according to three people in the know.

time to read

3 mins

October 02, 2025

Mint Mumbai

Mint Mumbai

WHAT A YEAR AT COLUMBIA TAUGHT ME

An Indian journalist at Columbia University navigated a tumultuous year, learning unusual life lessons

time to read

8 mins

October 02, 2025

Mint Mumbai

Mint Mumbai

Festive demand, tax cut power up auto sales in Sep

Powered by tax cuts and festive spirits, automobile sales took off in September, cheering manufacturers across the board.

time to read

3 mins

October 02, 2025

Mint Mumbai

Mint Mumbai

Central bank seen keeping its options open on Tata Sons IPO

A day after the Reserve Bank of India's deadline for the Tata Group to list its holding company, Tata Sons, passed, the central bank appears to be still weighing its decision, with governor Sanjay Malhotra's comment leaving the matter open to interpretation.

time to read

2 mins

October 02, 2025

Mint Mumbai

US trade pact close, comprehensive deal to sidestep patents

As India and the US inch closer to the timeline to finalize a trade deal, both sides are moving towards signing a comprehensive Bilateral Trade Agreement (BTA) that will cover nearly every aspect of commerce, from tariff reduction and easing of non-tariff barriers to expanded access in services and energy cooperation.

time to read

2 mins

October 02, 2025

Mint Mumbai

Mint Mumbai

RBI unveils plans to bolster credit flow to corporates, capital market

Regulator to remove cap on banks’ market lending to single group, proposes to allow acquisition funding

time to read

2 mins

October 02, 2025

Mint Mumbai

Cough syrup kills 6 children in MP; govt begins probe

Early reports suggest the syrups may have been tainted with diethylene glycol, a toxic chemical

time to read

1 mins

October 02, 2025

Mint Mumbai

Mint Mumbai

Prez Trump's proposed changes to visa rules assailed by chip industry

The F-1 student visa serves as a critical pipeline to the tech workforce

time to read

4 mins

October 02, 2025

Mint Mumbai

Mint Mumbai

Top firms tick boxes, but lag on diversity, independence

India's top 100 listed companies have shown progress in corporate governance practices, but persistent gaps remain in board meeting attendance, diversity, and leadership independence.

time to read

2 mins

October 02, 2025

Mint Mumbai

RBI rate actions are signals that markets need not always heed

Contrary to widespread belief, monetary transmission is both slower and far-from-linear, globally

time to read

3 mins

October 02, 2025

Translate

Share

-
+

Change font size