Connect with us

Business

Zomato asks eateries to serve 45-day notice before exit

Published

on

Zomato that runs the popular Zomato Gold programme has asked its restaurant partners to serve a notice of 45 days if they wish to opt out of the same. This move comes after hundreds of restaurants in Delhi, Mumbai and Gurugram pulled out of the programme amid growing unrest between the restaurant industries and online ordering platforms.

Zomato wrote a mail to its Gold partner restaurants and said that they were required to give a 45-day notice to ensure smooth transition for its users. It also added that if these members wish to sign back, then they would be required to pay a sign-up fee.

According to a report, Zomato wrote in its e-mail, “The decision to join and continue with this partnership has been completely yours just like all the other decisions you make to run your business effectively and efficiently. With a view to make sure we protect user experience, we would request you to let us know proactively in case you are thinking of going off the programme for a brief period, as we will not like your users to have a poor experience when they visit your restaurant. As per the contract, you are required to give us a 45 days’ notice for this change to ensure a smooth transition for users.”

Led by National Restaurant Association of India (NRAI), as many as 300 restaurants in Gurugram on Thursday said that they would pull out of the membership-driven dining apps including Dineout, EazyDiner (Prime), nearbuy and magicpin. This move is aimed to end steep discounting practices implemented by such platforms.
According to the daily, platforms other than Zomato have expressed that they are willing to have a dialogue with the restaurant partners.

Zomato Gold has 1 million subscribers and around 6,500 restaurant partners. The company had recently also introduced Infinity Dining for its Gold members that allows the users to have unlimited a la carte at the partner restaurants.

Business

Reliance and bp launch ‘Jio-bp’ partnership for fuel retailing.

Published

on

Reliance BP Mobility Limited aims to expand from Reliance’s current fuel retailing network of over 1,400 petrol pumps to up to 5,500 over the next five years.

Reliance Industries Ltd (RIL) and British Petroleum (BP) on Thursday announced the start of their new Indian fuels and mobility joint venture, Reliance BP Mobility Limited (RBML).

Following initial agreements in 2019, BP and RIL teams have worked closely over the past few months in a challenging environment to complete the transaction as planned, a joint statement said.

BP has paid RIL $1 billion for a 49 per cent stake in the joint venture, with RIL holding 51 per cent.

“Operating under the “Jio-BP” brand, the joint venture aims to become a leading player in India’s fuels and mobility markets. It will leverage Reliance’s presence across 21 states and its millions of consumers through the Jio digital platform,” the statement said.

BP will bring its extensive global experience in high-quality differentiated fuels, lubricants, retail and advanced low carbon mobility solutions, added the statement.

BP and RIL expect the venture to grow rapidly to help meet India’s fast-growing demands for energy and mobility.

RBML aims to expand from its current fuel retailing network of over 1,400 retail sites to up to 5,500 over the next five years. This rapid growth will require a four-fold increase in staff employed in service stations, growing from 20,000 to 80,000 in this period. The joint venture also aims to increase its presence from 30 to 45 airports in the coming years.

Mukesh Ambani, Chairman and Managing Director of RIL said: “Reliance is expanding on its strong and valued partnership with BP to establish a pan-Indian presence in retail and aviation fuels. RBML will aim to be a leader in mobility and low carbon solutions, bringing cleaner and affordable options for Indian consumers with digital and technology being our key enablers”.

Bernard Looney, CEO of BP said that India has been leading the way with innovations in digital technology, value engineering and new energy solutions and it will require more energy for its economic growth and, as it prospers, its needs for mobility and convenience will accelerate.

“BP has a proud history in India spanning over a century. We are honoured to be a strategic partner with Reliance – India’s most valuable company – and pleased that our partnership has grown in both substance and spirit over this past decade. Reliance’s digital capabilities, technical expertise and reach complement our international fuels and service offers,” he said.

RBML has received the marketing authorization for transportation fuels, amongst other necessary regulatory and statutory approvals. The joint venture will begin selling fuels and Castrol lubricants with immediate effect from its existing retail outlets, which will be re branded to “Jio-BP” in due course, the statement said.

Continue Reading

Trending