Zomato: Food delivery volumes in India reach pre-Covid-19 peaks: Zomato’s Deepinder Goyal

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Food delivery volumes have touched pre-Covid-19 peaks, the top Zomato executive said.

In a post on microblogging platform Twitter, Deepinder Goyal, the founder and CEO of Zomato, said he expects the sector to continue growing at around 15-25% month-on-month for the foreseeable future.

A number of cities are now at more than 120% pre-Covid-19 peaks, he said.

Since March 23, Zomato has delivered 92 million orders, with no reported cases of Covid-19 transmission through food delivery, or its food delivery agents, Goyal said.

“Food delivery is one of the safest recreational options available to our customers during the pandemic. A few weeks ago, WHO also categorically stated that people should not fear food, or food packaging, or processing or delivery of food,” he said.

Last month, Goyal said food delivery sales have touched 85% of pre-Covid-19 numbers, with Delhi and Mumbai nearing full recovery.

Earlier this month, ET reported that a set of four new risk investors — London-headquartered hedge fund Steadview Capital, South Korean Mirae Asset-Naver Asia Growth Fund, US hedge fund Luxor Capital and private equity firm Bow Wave Capital — were likely to collectively invest $150 million in Zomato’s ongoing $600 million round.

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