Indian food-delivery giant Zomato Ltd is facing a backlash on social media for its plans to roll out a 10-minute food service, starting with Gurugram next month, the stock market has not shown any strong reaction to it. The share price of Zomato dipped 1% on Tuesday morning trade, a few hours after the company made the official announcement. However, the announcement was met with widespread skepticism and concern over the safety of the same.
Zomato co-founder Deepinder Goyal, said, "After becoming a frequent customer of Blinkit (one of Zomato’s investments in the quick commerce space), I started feeling that the 30-minute average delivery time by Zomato is too slow, and will soon have to become obsolete."Nobody in the world has so far delivered hot and fresh food in under 10 minutes at scale," Goyal wrote on LinkedIn and Twitter. "We were eager to be the first.
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