Food-delivery and restaurant discovery app Zomato is extending its subscription-based Gold memberships by two months in India and other countries like UAE, Australia, Indonesia, Philippines, Lebanon, Turkey, New Zealand, Portugal and Qatar in the wake of Covid-19 outbreak across the world.
Zomato will also be facilitating working capital loans for its Gold partner restaurants and food delivery partners, co-founder and chief executive Deepinder Goyal said in a series of tweets on Wednesday.
“We can only help facilitate loans to Gold partner restaurants since the transactions flow through us, and it is easier and cheaper for our fintech partners to underwrite it. Trying to figure out how to help the rest of the restaurant community” Goyal said.
FYI – we can only help facilitate loans to Gold partner restaurants since the transactions flow through us, and it… https://t.co/YNU19NTXl5
— Deepinder Goyal (@deepigoyal) 1585130211000
In addition to this, Zomato is also starting a fund to cover up the lost earnings for thousands of its delivery partners. “We also hope that we get government support to help us with this,” Goyal said.Hundreds of Zomato employees are also taking deep voluntary salary cuts to conserve the company’s cash flows, Goyal added.
Also, fwiw, to conserve our own cash flows, hundreds of Zomato employees have taken deep voluntary salary cuts. We… https://t.co/uXBc6YpDDY
— Deepinder Goyal (@deepigoyal) 1585130213000
Earlier today, ET reported that Zomato and Swiggy are working with minimal delivery staffing and limited restaurant partners in several states as riders refuse to come to work fearing police harassment amid the nationwide Covid-19 lockdown.
Over the last few days, several pockets of Mumbai, Gurgaon, and Ahmedabad saw food deliveries come down to zero with restrictions on movement of people as well as the closure of most restaurants. After Prime Minister Narendra Modi announced a 21-day nation-wide lockdown on Tuesday, food deliveries across cities including Bengaluru and Delhi were also affected.
Zomato said its delivery partners have been facing issues across cities while delivering food despite it being classified as an essential service “We are actively working with the authorities to clear the confusion so that essential services can operate without trouble” Goyal tweeted.