Zomato Instant Not Shutting Down, Will Rebrand 10-Minute Food Delivery Service, Company Says

Zomato is rebranding Prompt, its ten-minute meals supply service, and never shutting it down, an organization spokesperson mentioned. The assertion has come amid studies claiming that the corporate was planning to shut Prompt, launched lower than a yr in the past, owing to powerful market circumstances.

Nevertheless, the spokesperson clarified that it was engaged on a brand new menu for the service. “Prompt just isn’t shutting down. We’re engaged on a brand new menu with our companions and rebranding the enterprise. All ending stations stay intact, and no persons are impacted by this choice,” the spokesperson mentioned. The meals aggregator had launched Prompt in March 2022.

Earlier this month, Zomato Co-Founder and Chief Expertise Officer Gunjan Patidar resigned firm. Patidar was one of many first few workers of Zomato and constructed the core tech programs for the corporate, it mentioned in a regulatory submitting.

In November final yr, one other co-founder of the corporate, Mohit Gupta, had resigned. Gupta, who had joined Zomato four-and-half years again, was elevated to co-founder in 2020 from the place of CEO of its meals supply enterprise.

Zomato had witnessed some top-level exits final yr, together with these of Rahul Ganjoo, who was head of recent initiatives, and Siddharth Jhawar, the erstwhile vice-president and head of Intercity, and co-founder Gaurav Gupta.

However, within the recent Fairwork India Rankings 2022 Report, Zomato scored 4 out of 10 on the idea of offering honest working circumstances for gig staff. The rankings had been determined primarily based on the evaluation of a number of on-line platforms in opposition to 5 rules: Honest Pay, Honest Circumstances, Honest Contracts, Honest Administration, and Honest Illustration.

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