Zomato Legends Update: Zomato has announced to shut down its Intercity Legends service with immediate effect. 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 social media platform X, writing, Update on Zomato Legends – After two years of effort and not finding product market fit, we have decided to temporarily shut down this service.
Update on Zomato Legends – after two years of trying, not finding product market fit, we have decided to shut down the service with immediate effect.
— Deepinder Goyal (@deepigoyal) August 22, 2024
Zomato had restarted its Legends service in July after pausing it for a short time to make orders profitable. The company has decided to shut down Intercity Legends at a time when the company is taking steps to increase revenue in sectors other than 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 discontinue 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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