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Zomato Immediate Not Shutting Down, Will Rebrand 10-Minute Meals Supply Service, Firm Says

Zomato is rebranding Immediate, its ten-minute meals supply service, and never shutting it down, an organization spokesperson mentioned. The assertion has come amid studies claiming that the corporate was planning to shut Immediate, launched lower than a yr in the past, owing to robust market situations.

Nevertheless, the spokesperson clarified that it was engaged on a brand new menu for the service. “Immediate just isn’t shutting down. We’re engaged on a brand new menu with our companions and rebranding the enterprise. All ending stations stay intact, and no individuals are impacted by this determination,” the spokesperson mentioned. The meals aggregator had launched Immediate in March 2022.

Earlier this month, Zomato Co-Founder and Chief Know-how Officer Gunjan Patidar resigned firm. Patidar was one of many first few workers of Zomato and constructed the core tech techniques for the corporate, it mentioned in a regulatory submitting.

In November final yr, one other co-founder of the corporate, Mohit Gupta, had resigned. Gupta, who had joined Zomato four-and-half years again, was elevated to co-founder in 2020 from the place of CEO of its meals supply enterprise.

Zomato had witnessed some top-level exits final yr, together with these of Rahul Ganjoo, who was head of recent initiatives, and Siddharth Jhawar, the erstwhile vice-president and head of Intercity, and co-founder Gaurav Gupta.

Then again, within the current Fairwork India Scores 2022 Report, Zomato scored four out of 10 on the premise of offering honest working situations for gig staff. The scores had been determined primarily based on the evaluation of a number of on-line platforms in opposition to 5 ideas: Truthful Pay, Truthful Circumstances, Truthful Contracts, Truthful Administration, and Truthful Illustration.

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