The Live Ahmedabad
  • Home
  • Ahd City
  • Business
  • Entertainment
  • Education
  • Crime
  • Health
  • Politics
  • Sports
  • Featured

The Live Ahmedabad

  • Home
  • Ahd City
  • Business
  • Entertainment
  • Education
  • Crime
  • Health
  • Politics
  • Sports
  • Featured
Nation

Zomato charging Rs 2 as a platform fee on all its orders

by TLAteam August 8, 2023August 8, 2023
written by TLAteam August 8, 2023August 8, 2023
Zomato charging Rs 2 as a platform fee on all its orders

Food delivery aggregator Zomato has started charging a platform fee of Rs 2 on every order, four months after its rival Swiggy did the same. Zomato has rolled out the policy for certain orders in some markets only. The “small fee” has been introduced to help “us pay the bills so that we can keep Zomato running,” a pop-up on the food delivery app stated.

The platform fee has not been introduced on Zomato’s quick commerce service Blinkit. A Zomato spokesperson claimed that the decision was in an experimental phase. “This is in an experiment phase right now, and we may or may not scale.”

Zomato declared its first-ever consolidated profit of Rs 2 crore in the April-June quarter this year. In a regulatory filing, Zomato stated that it had posted a net loss of Rs 186 crore in the corresponding period last fiscal. In the first quarter of the present fiscal, the consolidated revenue from operations was Rs 2,416 crore as against Rs 1,414 crore a year-ago. Total expenses jumped from Rs 1,768 crore in the corresponding quarter a year ago to Rs 2,612 crore.

It seems that Zomato is looking to explore new sources of revenue with the introduction of a platform fee.

In April, Swiggy introduced a platform fee. The charge is levied irrespective of the number of items in the cart. The company’s CEO and co-founder Sriharsha Majety attributed the move to a slowdown in the delivery business. According to a statement by a Swiggy spokesperson, “The platform fee is a nominal flat fee charged on food orders. This fee helps us operate and improve our platform and enhance app features to deliver a seamless app experience.”

The company announced that the additional charge was valid only on food orders and not on Instamart deliveries.

The move will make deliveries costlier for customers. Food delivery apps like Zomato and Swiggy charge 22 to 28 per cent commission on food orders from restaurants. After Swiggy CEO Sriharsha Majety’s announcement in May that the company had turned profitable, Zomato may have been under pressure to try out the platform fee and increase its revenue.

0 comment
previous post
Fake ED officer dupes astrology firm owner in Ahmedabad of Rs 1.50 crore
next post
Rajnikanth’s Come Back Movie Jailer To Be Out on August 10

You may also like

ISB Executive Education and Emeritus partner to launch...

December 7, 2023

Phoenix Marketcity Pune to host Spectacular Supercars Festival...

December 7, 2023

Maruti Suzuki to start operations of new EV...

December 7, 2023

Madhya Pradesh awarded with The Best Sustainable Wildlife...

December 6, 2023

Nationwide CPR training drive for 10Lakh volunteers kick...

December 6, 2023

Centre Warns “Ghar Baithe Job” Scams On Rise,...

December 6, 2023

FIIs inflows strong with net buy of more...

December 6, 2023

Chennai flood: Aamir Khan, Vishnu Vishal rescued after...

December 5, 2023

Kolkata Is The Safest City With Least Crime...

December 5, 2023

Centre plans to introduce ‘cashless treatment’ of accident...

December 5, 2023

Leave a Comment Cancel Reply

Save my name, email, and website in this browser for the next time I comment.

Recent Posts

  • CLAT 2024 result to be out today

    December 10, 2023
  • Karate teacher Shows Porn Video To Class 5 Girls in Vastral

    December 10, 2023
  • Ahmedabad traffic police Collects Rs 4.34cr Fine For Traffic Violations

    December 10, 2023
  • Gujarat University suspended 3 professors in financial irregularities

    December 10, 2023
  • Principal thrashes students with bat for playing cricket in classroom in MP

    December 10, 2023
August 2023
M T W T F S S
« Jul   Sep »
 123456
78910111213
14151617181920
21222324252627
28293031  
Footer Logo
  • Home
  • Ahd City
  • Business
  • Entertainment
  • Education
  • Crime
  • Health
  • Politics
  • Sports
  • Featured
  • Privacy Policy
  • Disclaimer
  • Cookie Policy
  • Terms of use
  • Advertise with Us
  • Work With Us
  • Contact Us

© 2021 - The Live Ahmedabad. All Rights Reserved.