Zomato shuts down Intercity Legends service…?
zomato has announced the immediate shutdown of its Intercity Legends service. The company's CEO Deepinder Goyal has given this information. zomato had come up with an offer to deliver iconic dishes of 10 major cities of the country to other cities under its Intercity Legends.
zomato founder and group CEO Deepinder Goyal posted on the social media platform X and wrote, Update on zomato Legends - After two years of effort, when the product was not found to be market fit, we decided that we are going to shut down this service immediately.
zomato had restarted its Legends services in July by changing it after pausing it for a short time so that the order could be made profitable. The company has decided to shut down Intercity Legends when the company is taking steps to increase revenue in other sectors apart from food delivery and quick commerce.
In the year 2022, zomato started the Intercity legend service. Earlier there was no minimum limit to order under this, but later the minimum order value was increased to Rs 5000 so that Intercity legend could be made profitable. However, despite this change, zomato has decided to shut down this service. Earlier on Wednesday, august 21, 2024, zomato announced the purchase of the entertainment ticket business of fintech company paytm for Rs 2048 crore. Paytm's parent company One 97 Communications informed about this deal in the exchange filing.
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