Eternal shuts instant food-delivery service Quick; delists 19K restaurants

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Eternal shuts instant food-delivery service Quick; delists 19K restaurants - Business Standard

Quick Summary:

Net profit was down nearly 33.8 per cent from ₹59 crore in the third quarter (Q3) of FY25.

Overall, along with the delisting of around 19,000 restaurants, several factors impacted growth in the food delivery segment.

For Zomato Everyday, Goyal said the need for homely meals is a limited use case, largely for office locations in metros.“We did not see enough ROI by keeping it running at a small scale,” Goyal added.