Zomato shutting 15-minute food delivery service Quick, Everyday on sluggish demand

Eternal (formerly Zomato) on Thursday released its fiscal fourth quarter earnings report, wherein it informed its shareholders that the company is shutting down its 15-minute food delivery service Zomato Quick and Zomato Everyday. ‘Quick’ was launched just four months ago.

In the letter to shareholders, Zomato CEO Deepinder Goyal said that the company is not seeing the path to profitability in the two initiatives and has therefore decided to shut them down.