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    Home / News / Business News / Zomato launches Xtreme logistics service to take on Swiggy Genie
    Next Article
    Zomato launches Xtreme logistics service to take on Swiggy Genie
    Xtreme app is available only for Android users

    Zomato launches Xtreme logistics service to take on Swiggy Genie

    By Dwaipayan Roy
    Oct 13, 2023
    02:27 pm

    What's the story

    Zomato, the popular food aggregator, has introduced a new logistics service called Xtreme.

    This innovative service aims to assist merchants in sending and receiving small parcels, while also diversifying Zomato's revenue sources.

    By tapping into its vast network of over 300,000 delivery partners, Xtreme offers live tracking for shipments and caters to both small shops and large retailers.

    The service is set to compete with existing logistics providers such as Shadowfax, Loadshare, and Dunzo.

    Details

    Xtreme app details and pricing

    Currently, the Xtreme app is available exclusively for Android users, with no word on a potential release for Apple.

    Merchants can send intra-city packages weighing up to 10kg, with prices starting at just Rs. 35.

    Similar to Zomato's food delivery service, the app allows users to live track their shipments. This new offering positions Zomato to compete with rival Swiggy's hyperlocal delivery service, Swiggy Genie.

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    What Next?

    Competing with other hyperlocal services

    Zomato's Xtreme will not only compete with Swiggy Genie but also with Dunzo's B2B arm, LoadShare, Dunzo for Business (D4B), Wefast, Blowhorn, and several others.

    Porter, Uber, and Ola also offer hyperlocal services that are not limited to businesses. Companies like Tata 1mg, an e-pharmacy company, have already been leveraging Zomato's B2B offering for some time now.

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    Insights

    Zomato's financial performance

    The launch of Xtreme comes as Zomato reported a net profit of Rs. 2 crore in Q1 FY24. Its revenues stood at Rs. 2,416 crore, up 70.9% from the year-ago period.

    This growth can be attributed to the cooling inflation and the strength of Zomato's food delivery platform's loyalty program.

    The introduction of Xtreme is expected to further boost the company's revenues and diversify its business offerings.

    Done!
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