Zomato: Zomato’s going-out business clocks Rs 1,849 crore in gross sales in Q2

Zomato clocked a 171% year-on-year jump in gross order value (GOV) for its going-out business at Rs 1,849 crore for July-September — reporting the first financials for this segment since its August acquisition of Paytm’s entertainment and ticketing business for Rs 2,041 crore.

However, on a like-for-like basis, Zomato’s going-out business, which includes live events, ticketing and dining out, saw a GOV growth are 139% on-year.

The company plans to launch a separate app ‘District’ for its going-out business – it had announced on August 1.

In the shareholders letter published on Tuesday, Zomato’s founder and CEO Deepinder Goyal said that the District app is expected to go live in the next four weeks. At this point, we are focused on making sure we do a good job at migrating the business from Zomato and Paytm platforms to the new District app,” he said.

On October 5, speaking at The ET Startup Awards 2024, Goyal had pointed out that Zomato is planning to move its dining out offering from the company’s main app to the upcoming District app. With this, food delivery, which is Zomato’s largest business, will have a standalone app.

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