Delhi Delhi. Ahead of the festive season, leading food delivery platforms Zomato and Swiggy have increased their platform charges to Rs 10 in some cities, including Delhi. Both companies noted that such adjustments are routine and may vary by location. However, Swiggy has not yet commented on the changes.
Zomato confirms Rs 10 hike
Zomato confirmed the fee increase, calling it a strategic adjustment. However, the company has not revealed which other cities will be affected by this change. According to Zomato, platform fees may vary across locations, and the move was taken to increase operational efficiency during this peak season.
While Zomato clarified the increase, Swiggy has not yet given any reason or specified the extent of its fee adjustment.
Zomato shares fall after confirmation
Zomato shares fell 3.51% to close at Rs 254.60 on the Bombay Stock Exchange, after the company said the platform fee hike was “not a rumour.” The company confirmed that the Rs 10 charge was indeed visible on its public mobile application. In its response to the stock exchanges, Zomato reiterated, “At the outset, we would like to state that this is not a hearsay, as the source of the information mentioned in the article is the Zomato mobile application itself which is public and available for all to see and verify.” Available for.” Financial performance and future outlook The announcement comes after the release of Zomato's Q2FY25 financial results, which showed a five-fold increase in net profit to Rs 389 crore. Revenue also increased by 68% to Rs 4,799 crore due to better food delivery margins and progress in the instant commerce segment. Zomato is also set to raise up to $1 billion through a qualified institutional placement (QIP), as the company aims to boost its competitive edge against rivals like Zepto and Swiggy. The funds raised will support expansion and other strategic initiatives. Despite slow growth challenges, Zomato's core food delivery service continues to grow. Gross order value (GOV) for food delivery grew 21% year-on-year, while monthly transacting customers (MTC) grew 13%. These figures indicate stable demand, even if the rate of growth has slowed compared to previous quarters.
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