Zomato’s quick commerce platform, Blinkit, has introduced a new app called Bistro, promising to deliver snacks and other food items within 10 minutes.
This launch intensifies competition in the quick food delivery space, particularly with Zepto Cafe, which recently announced plans to roll out its own dedicated app.
Currently, the Bistro app is available for download on the Android Play Store, but it is not yet accessible on the Apple App Store.
Bistro offers quick delivery of ready-made snacks like samosas, sandwiches, coffee, and pastries, competing directly with platforms like Zepto Cafe and Swiggy Bolt.
Zomato’s 10-Minute Delivery Journey
Bistro represents Zomato’s second attempt at 10-minute food delivery, following its earlier venture with Zomato Instant.
Over the past three years, companies in the quick commerce sector, including Blinkit
and Zepto, have expanded beyond groceries into delivering items like medicines, apparel, and ready-to-eat food.
Impressive Growth in Zomato Shares
Zomato shares have witnessed significant growth, surging by 138% in the past year.
On December 13, 2023, shares were priced at Rs 120 but climbed to Rs 286.50 by December 13, 2024.
In the last six months alone, shares rose 55%, increasing from Rs 184.90 on June 13, 2024.
For 2024, Zomato shares have shown an overall increase of 130%, reaching a 52-week high of Rs 304.50 and a low of Rs 116.
This impressive performance highlights the growing investor confidence in Zomato’s ventures, including its quick commerce initiatives.
