Reshuffling of businesses continue at Zomato.
After announcing the purchase of Paytm’s ticketing business, the Company has now shut down inter-city delivery service ‘Legends’
- The service was suspended in April this year and was relaunched in July.
- The Company then had tweaked the model to deliver pre-stocked items from other cities with a shorter delivery timeline.
- Company’s decision now is due to the ‘lack of product-market fit’
In a post on X (formally Twitter), Chief Executive Officer Deepinder Goyal wrote, “Update on Zomato Legends – after two years of trying, not finding product market fit, we have decided to shut down the service with immediate effect.”
Zomato had also recently halted it’s intra-city parcel delivery service ‘Xtreme’.