New Delhi, May 1 -- Zomato announced its January-March quarter results for fiscal 2024-25 (Q4FY25) on Thursday, May 1, and informed it's shareholders that the leading food delivery giant will shut down it's 15-minute food delivery service 'Quick' and Zomato Everyday. Zomato 'Quick' was launched just four months ago.

Responding to a question on Zomato 'Quick' and Zomato Everyday services, Zomato chief executive officer (CEO) Deepinder Goyal said in a letter to shareholders today, "We are actually shutting down both these initiatives as we are not seeing the path to profitability in these without compromising on customer experience. The current restaurant density and kitchen infrastructure is not set up for delivering orders in 10 minutes ...