Zomato has unveiled the ‘District’ app for Android and iOS, aiming to establish its going-out vertical as its third-largest B2C business. This move leverages Zomato’s thriving dine-out segment, which boasts an annualized gross order value of $500 million.
The District app serves as an all-in-one platform for users to reserve restaurant tables and book tickets for movies, sports events, and live performances, providing a unified experience for leisure and entertainment. Launched three months after its announcement, this initiative underscores Zomato’s commitment to diversifying its portfolio.
In addition to introducing District, Zomato has added two key features to its primary platform:
- Book Now, Sell Anytime: A ticketing feature allowing users to buy event tickets and resell them through the app, providing flexibility for last-minute changes.
- Food Rescue: Aimed at minimizing food waste, this feature enables customers to purchase canceled orders from nearby locations at discounted prices.
Zomato’s financial performance has been exceptional, driven by these innovative features and efficient execution. The company recorded a net profit of ₹176 crore in Q2 FY25, representing a remarkable 389%year-on-year growth compared to ₹36 crore in Q2 FY24. Its operating revenue climbed 68.5% year-on-year to ₹4,799 crore, supported by the rapid growth of its quick commerce platform, Blinkit.
With the launch of District and customer-centric additions like Food Rescue, Zomato is solidifying its position in the going-out and dine-out sectors. By continuing to innovate, Zomato is setting new standards in the foodtech and entertainment industries.
