Sunday, June 15, 2025
spot_img
spot_img
HomeBusinessEconomyZomato launches loans initiative to support UAE restaurants

Zomato launches loans initiative to support UAE restaurants

DUBAI, United Arab Emirates, (Arabian Business) – Food delivery app Zomato has launched a number of initiatives, including offering loans to its restaurant partners and free subscription extensions, to help its UAE customers survive the financial impact of the COVID-19 coronavirus outbreak.

“From loans for restaurants, and funds to cover lost earnings for delivery partners, to voluntary staff pay cuts to conserve cash flow, Zomato has moved quickly to activate a number of initiatives to help support the food and beverage industry and the public alike through the economic impact of the COVID-19 pandemic,” the company said in a statement.

Zomato is offering loans to partner restaurants “severely hit due to lockdowns immobilising their workforce”. It has also launched the Delivery Partner Relief Fund to help its delivery partners who have suffered lost earnings.

For Zomato Gold memberships across the UAE, they will also be given a two-month membership extension for free. As part of its “Meals of Hope” initiative in the UAE customers can also order a meal for someone else in need.

Zomato claims to be the world’s largest restaurant search and discovery platform, with more than 70 million users every month.

This article originally appeared on Arabian Business on March 29, 2020.

spot_img
RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

spot_img
spot_img
spot_img

Caribbean News

IDB to strengthen Caribbean integration, provides R$1.6 billion to Haiti in grants, and prepares an unprecedented multi-country debt exchange

 BRASILIA / HAITI - As part of the Brazil-Caribbean Summit, with the participation of Caribbean Community (CARICOM) nations, the Inter-American Development Bank (IDB)  announced...

Global News

Global output of key food commodity crops on course for new records – FAO Food Outlook

Noting risks, report examines impacts of avian influenza, changing trade patterns since 2022, fish fraud, and shipping industry’s net-zero goals ROME – FAO’s latest assessments...