Zomato, Founded by Deepinder Goyal, Simplifies Business Lunch Ordering for Companies

Nitin Konde, Apoorva Bajj

Aug 29, 2024 — 3 min read

Zomato, Founded by Deepinder Goyal, Simplifies Business Lunch Ordering for Companies

Zomato, the popular food delivery service, introduced a new feature called Zomato for Enterprise (ZFE) on August 28, to help corporate personnel with orders linked to their work.

Zomato CEO Deepinder Goyal announced the tool, which would simplify the monitoring of company food expenses, in a post on X (previously Twitter). The service's goal, as pointed out by Zomato, is to make companies' reimbursement processes easier.

In an X post, Goyal announced, "Excited to introduce Zomato for Enterprise (ZFE)," a tool that helps businesses with food spending.

The majority of Zomato purchases placed by corporate personnel are for business purposes and necessitate reimbursement, which he elaborated on by saying the process can be time-consuming and tedious.

Appreciating this development Puneet Kumar Kanojia, Director Sakshar Media and BollyBites VadaPav stated, "This initiative reflects a deep understanding of the needs of modern businesses. By eliminating the need for traditional reimbursement methods, Zomato is setting a new standard for convenience and operational efficiency in the corporate world."

What This New Feature Will Offer?

Rather than paying in advance, workers can now charge their food orders to their employers. Companies can also use Zomato for Enterprise to hire new staff, allocate funds for orders, and lay down detailed rules for placing orders.

Goyal has informed on X that ZFE enables employees to directly bill their employer for their business orders without incurring any monetary obligations. Among many other things, ZFE allows businesses to hire staff, establish budgets, and specify ordering procedures. With ZFE, your staff may enjoy more ease while we handle everything else, all while maintaining perfect transparency (SIC).

In addition, he urged others to embrace this new function and brought up the fact that more than a hundred prominent companies are currently utilising ZFE.

"Already, ZFE is being used by more than 100 leading companies. We greatly appreciate their opinion, as it has played a crucial role in shaping this program. Every company's top executive is cordially invited to give ZFE a shot. To begin, please contact us at enterprise@zomato.com," Goyal said.

Zomato Completes Takeover of Paytm’s Ticketing Business

As Zomato has been on the edge of expanding its business, this new feature has also been streamlined in accordance with this expansion strategy. According to a story that was published by Startuptalky earlier this month, Zomato has completed the acquisition of Paytm Insider, the entertainment ticketing division of the financial technology giant Paytm. This information was confirmed by both firms in regulatory filings.

To broaden its "going-out" business and create new use cases, Zomato disclosed its intention to buy Paytm Insider the previous week. The acquisition is expected to cost roughly INR 2,048 crore.

Zomato has completed the acquisition of Paytm's movie ticketing business, Orbgen Technologies Pvt Ltd (OTPL), for about INR 1,264.6 crore. Additionally, Zomato has purchased Paytm's events ticketing division, Wasteland Entertainment Pvt Ltd, for approximately INR 783.8 crore.

The newly purchased companies will shortly be rebranded under a new going-out app named "District," which is scheduled to be developed and released within the next few weeks.