Business

Food Deliveries To Get Costlier As Zomato, Swiggy Hike Platform Fee

New Delhi: Food delivery platforms Zomato and Swiggy have once again hiked platform fees to ₹ 6 per order from an earlier ₹ 5 – a 20 percent increase.

Currently being charged in Delhi and Bengaluru, the platform fee is different from delivery fee, goods and services tax (GST), restaurant charges, and handling charges.

The higher platform fee will roll out to other cities as well.

The platform fee goes to the food aggregators to apparently control costs and increase revenues.

In April, Zomato hiked its platform fee by 25 percent to ₹ 5 per order.

Zomato introduced a platform fee of ₹ 2 in August last year and later increased it to ₹ 3 to improve its margins and become profitable.

The food delivery platforms aim to generate ₹ 1.25-1.5 crore a day by levying a platform fee.

The article originally appeared on NDTV.

You May Also Like

World

A leader of Kataib Hezbollah and two of his guards were in a vehicle when it was targeted in the east of the Iraqi...

World

Pakistan will discuss an Extended Fund Facility (EFF) with the International Monetary Fund (IMF) in Washington next month, Finance Minister Muhammad Aurangzeb said on...

Business

New York CNN — Apple has received approval to change the way its smartwatches function so the company can overcome the Apple Watch ban imposed by...

Finance

NEW YORK – Gold prices saw a marginal increase today, with spot gold trading at $2,030.87 per ounce. The uptick in the precious metal’s value coincided...

Copyright © 2024 prwireonline

Exit mobile version