New Delhi: On-line meals supply platform Zomato has hiked its platform price by 25 per cent to Rs 5 from the earlier Rs 4 in particular markets. The meals tech big has attributed this adjustment to enterprise choices made inside the firm. In accordance with firm sources, the hike in platform charges applies to main cities like Delhi-NCR, Bengaluru, Mumbai and Hyderabad, amongst others.
When reached out for a remark, a Zomato spokesperson advised information company PTI, “These are enterprise calls which we take foundation numerous elements infrequently”.
What’s platform price?
The platform charges are the fastened expenses levied by meals supply corporations on all clients for every order positioned. Zomato imposes the platform price alongside a supply cost, which is waived for patrons enrolled in its Zomato Gold loyalty program.
Zomato launched the platform price in August 2023, initially set at Rs 2 per order. Subsequently, in October of the identical yr, the corporate raised the cost to Rs 3 throughout most of its key markets. On January 1, Zomato additional elevated the platform price for customers to Rs 4 from the earlier Rs 3.
Zomato’s foremost rival, Bengaluru-based Swiggy, imposes a platform price of Rs 5 on meals supply orders. Nevertheless, there have been reviews indicating that Swiggy has displayed a platform price of Rs 10 to sure customers.
Intercity Legends service suspended
The corporate has additionally suspended ‘Intercity Legends’, its inter-city meals supply service. When trying to find its intercity supply service ‘Intercity Legends’, the corporate on its app says, “Enhancements are underway! Please keep tuned as we might be again to serve you quickly”.
The service which was launched in 2022, initially provided next-day supply of restaurant meals from particular cities.
This comes days earlier than it’s slated to announce the outcomes for the quarter that led to March. The corporate is predicted to announce the fourth (January-March) quarter outcomes subsequent month.
Notably, the meals supply platform has acquired numerous tax demand orders aggregating to Rs 227.85 crore since March 15, separate regulatory filings confirmed. In February, Zomato reported a consolidated web revenue of Rs 138 crore for the December quarter.
(With PTI inputs)
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