Zomato Launches District App: Consolidating Going-Out Business with Ticketing Capabilities

In a move to expand its offerings and strengthen its presence in the burgeoning going-out business segment, food aggregator Zomato has launched its new dedicated app, District. Available on both iOS and Android platforms, District marks Zomato's third consumer-facing venture after its flagship food delivery app and quick-commerce platform Blinkit.

The new vertical aims to consolidate Zomato's "going-out" business, encompassing an array of experiences such as dining, movies, sports ticketing, live performances, shopping, staycations, and more. Initially, District enables users to book tickets for movies and live events. Notably, the app builds upon Zomato's existing Dining-out and Zomato Live business verticals.

District enters a highly competitive online ticketing market dominated by BookMyShow, which currently holds a 60% market share in India's movie ticketing segment. To bolster its position, Zomato acquired Paytm's entertainment business, Insider, for ₹2,048 crore in late August, as part of its efforts to expand its offerings.

Zomato has reported a net profit for the fifth quarter in a row, with the company registering a net profit of ₹176 crore for the July-September period. On an adjusted basis, revenue skyrocketed by 69% from the same quarter last year, reaching ₹4,799 crore. With District now operational, Zomato appears poised to aggressively engage with the online ticketing space and further strengthen its position in the domestic market.