Zomato Instant is not shutting down, will rebrand its 10-minute food delivery service, company says
A company spokesperson said Zomato is rebranding Instant, a 10-minute food delivery service, and is not shutting down the service. The statement comes amid reports that the company is planning to shut down Instant, launched less than a year ago, due to difficult market conditions.
However, the spokesperson clarified that they are working on a new menu for the service. The spokesperson said: “Instant is not shutting down. We are working on a new menu with our partners and rebranding the business. All finishing stations are still intact and free of any markings. who is affected by this decision”. Food aggregator launched Instant in March 2022.
In the first day of this month, tomato Co-founder and Chief Technology Officer Gunjan Patidar has resigned from the company. Patidar was one of Zomato’s first few employees and built the company’s core technology systems, it said in a regulatory filing.
In November of last year, another co-founder of the company, Mohit Gupta, resignation. Gupta, who joined Zomato four and a half years ago, was appointed co-founder in 2020 from the position of CEO of the company’s food delivery business.
Zomato saw a number of top-level departures last year, including Rahul Ganjoo, head of new initiatives, and Siddharth Jhawar, vice president and head of Intercity , and co-founder of Gaurav Gupta.
On the other hand, in recently The 2022 India Fairwork Rankings report, Zomato scores 4 out of 10 on the basis of providing fair working conditions for gig workers. The ratings are decided based on reviews of several online platforms according to five principles: Fair Pay, Fair Conditions, Fair Contracts, Fair Management, and Fair Representation.
