Zomato Increased Platform Fee: Zomato has again increased the platform fees, know how much extra you will have to pay now…

Zomato Increased Platform Fee: Food delivery platform Zomato has increased the platform fee from Rs 7 to Rs 10 during the festive season. The company gave this information in the app notification. The company said in the app notification – 'This fee will help in paying our bills to keep Zomato running. A slight increase has been made to continue services during the festive season.

Zomato started platform fee from Rs 2

In August 2023, Zomato had introduced a platform fee of Rs 2 to increase its margins and become profitable. Later the company increased it to Rs 3 and on January 1 to Rs 4. Then gradually it was increased to Rs 7.

Platform fee is an additional charge applicable on every food order. This is separate from GST, restaurant charges and delivery fees. This platform delivers 20 to 25 lakh orders every day.

Zomato Increased Platform Fee: Zomato shares rose by about 3% to Rs 264

Today, Zomato shares are up by about 3% after the news of increase in platform fees. In today's trading it reached Rs 264. The company's shares have given a return of 140% in one year. At the same time, this share has more than doubled.

Zomato's profit increased by 388%

Food delivery company Zomato's profit in the July-September quarter increased by 388% year-on-year to Rs 176 crore. The company's consolidated net profit in the same quarter a year ago was Rs 36 crore.

Zomato released the results for the second quarter of the financial year 2024-25 on Tuesday 22 October. The company's revenue increased by 68.50% to Rs 4,799 crore in the second quarter. The revenue in the same quarter a year ago was Rs 2,848 crore.