Food delivery sector showing stronger signs of recovery: Zomato CEO

Some cities such as Kolkata, Patna, Jamshedpur, Ranchi, and Siliguri have recovered completely and have exceeded pre-Covid levels.

The food delivery segment in India has shown stronger signs of recovery with the overall sector clocking over 85 per cent of the pre-COVID gross merchandise value (GMV), Zomato Founder and CEODeepinder Goyal said on Wednesday.

The key insight is that thefood delivery sector has recovered and even grown beyond pre-COVID levelsin a number of large pockets of the country, led by some of the most affluent residential areas in the country,Goyal said in a blogpost.

Delhi and Mumbai are nearing full recovery at around 95 per cent of the pre-COVID levels, he added.

Metros such as Bengaluru, Hyderabad, and Chennai are at around 80 per cent of pre-COVID sales.

Some cities such as Kolkata, Patna, Jamshedpur, Ranchi, and Siliguri have recovered completely and have exceeded pre-COVID levels, he said.

"Within most cities, the affluent parts of the city are driving this recovery," Goyal said.

Customers are now relying on food delivery even more than usual when a city goes under a lockdown. Somecities such as Kolkata see more customers ordering online when the city is more or less shut, but restaurants are open, he added.

"With the ongoing IPL season and the subsequent festival season, we expect food delivery in both metros and smaller cities to make a full recovery soon and resume growing over pre-COVID levels," Goyal said.


(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)


Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

Business Standard is now on Telegram.
For insightful reports and views on business, markets, politics and other issues, subscribe to our official Telegram channel