Zomato launches its third consumer-facing venture to consolidate ‘going-out’ business

Food aggregator Zomato has introduced District, a dedicated app for its growing going-out business, available on both iOS and Android. This marks Zomato’s third consumer-facing venture after its flagship food delivery app and quick-commerce platform Blinkit.

This new vertical will consolidate the “going-out” business, including dining, movies, sports ticketing, live performances, shopping, staycations, and more. Initially, the app enables users to book tickets for movies and live events. Zomato’s Going-out business combines Dining-out and Zomato Live business verticals.

District enters the competitive online ticketing market dominated by BookMyShow, which holds a 60% market share in India’s movie ticketing segment. To strengthen its position, Zomato acquired Paytm’s entertainment business, Insider, for ₹2,048 crore in late August.

The food delivery aggregator reported a net profit for the fifth quarter in a row in the three-month period ended September. Zomato reported a net profit of ₹176 crore for the July-September period. Revenue on an adjusted basis for the quarter also increased by 69% from the same quarter last year to ₹4,799 crore.

Also Read: Zomato launches ‘Food Rescue’ to reduce food wastage — Here’s how it works