Startup Digest: Zomato Instant to Remain in the Pilot Phase, 18% GST on Sale of Ad Space on E-commerce Sites & Twitter Sues Musk as He Seeks to End $44BN Merger Deal

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Zomato Instant will continue to remain in the pilot phase, 18% GST on sale of ad space, Twitter sues Musk & Anukul opens India’s first private rocket engine factory

Zomato’s 10-minute food delivery service ‘Instant’ will continue to remain in the pilot phase until it makes business sense, founder Deepinder Goyal told CNBC-TV18 in an exclusive chat.
Zomato had announced its foray into the quick food delivery with the launch of a 10-minute delivery offering- Zomato Instant in March this year. The foodtech giant has been piloting the10-minute food delivery with its employees in Gurugram.
However, Goyal wants to ensure that the business makes sense before they press hard on the quick food delivery promise. In fact, netizens had asked a lot of questions on the execution of the model when Zomato announced it.

“It’s still at pilot stage. The macro doesn’t matter because we have enough cash in the bank. If the business makes sense, we will press hard on it. Right now, we are just trying to learn if this model works and will it be applicable everywhere. We don’t want to make big mistakes with Zomato Instant,” Goyal added.
Goyal also told CNBC-TV18 that the company will not infuse any significant money into the instant food delivery service at the moment.

 

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