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Swiggy follows Zomato, hikes platform fee by 17% to Rs 17.58

EntrackrEntrackr · 9d ago
Swiggy follows Zomato, hikes platform fee by 17% to Rs 17.58
Medial

Swiggy follows Zomato, hikes platform fee by 17% to Rs 17.58 Following a 19% hike in platform fees by Zomato last week, rival food delivery giant Swiggy has also raised its platform fee from Rs 14.99 to Rs 17.58, reflecting a 17% increase, as both players continue to focus on improving margins amid intensifying competition. Importantly, Swiggy’s platform fee per order is inclusive of GST, while Zomato charges its fee excluding GST. On a comparable basis, both platforms’ fees stand at a similar level of around Rs 17.58 per order. The platform fee is a fixed charge applied to every order, in addition to delivery charges and taxes. Earlier in September 2025, Swiggy raised its platform fee from Rs 12 to Rs 15. Around the same time, Zomato increased its fee from Rs 10 to Rs 12, before later revising it to Rs 12.5. Food is becoming more expensive for customers as Zomato and Swiggy continue to expand their revenue streams and improve margins. The move reflects a broader push by food delivery platforms to balance growth with profitability, as they increasingly add fees beyond restaurant commissions and delivery charges to boost per order contribution margins. Swiggy introduced a platform fee of Rs 2 in April 2023 and has steadily raised it to Rs 17.58, aligning with its focus on improving unit economics. In Q3 FY26, Bengaluru-based Swiggy reported a 54% year-on-year growth in operating revenue, which rose to Rs 6,148 crore from Rs 3,993 crore in Q3 FY25. However, its losses also widened to Rs 1,056 crore during the quarter. As of 12:34 PM today, Swiggy’s shares were trading at around Rs 280 apiece, down about 33% from its listing price of Rs 420 in November 2024. The company’s current market capitalization stands at approximately Rs 77,372 crore ($8.2 billion).

BharatPe to offer two-wheeler loans and loans against mutual funds for merchants

EntrackrEntrackr · 1y ago
BharatPe to offer two-wheeler loans and loans against mutual funds for merchants
Medial

Fintech unicorn BharatPe has announced its foray into facilitation of secured loans for merchant partners on its platform. The company has launched facilitation of two-wheeler loans and loans against mutual funds (LAMF) for its existing merchant partners in the first phase. BharatPe has partnered with OTO Capital, a digital commerce and lending platform, for enabling two-wheeler loans while it has tied up with Volt Money to facilitate Loans Against Mutual Funds to its merchant partners. According to BharatPe, its merchants can now avail two-wheeler loans of up to Rs 2.5 lakh at competitive interest rates for a repayment period between 12- 48 months. With the launch of loans against mutual funds, these merchants can also avail loans of up to Rs 1 crore. The firm added that the loan disbursal and collections will be taken care of by the partner at their end. The Peak XV and Tiger Global-backed company is set to expand its offerings over the next three months, introducing a diverse range of products and lenders to meet the needs of merchants. Recently BharatPe invested around $8-9 million in its non banking financial (NBFC) arm Trillion Loans and increased its stake in the Mumbai-based firm to nearly 60%. Entrackr exclusively reported the development. It also raised Rs $10 million in debt through non-convertible debentures from Trifecta Venture and InnoVen Capital.

Exclusive: Moneyview raising $30 Mn debt via private placement

EntrackrEntrackr · 1y ago
Exclusive: Moneyview raising $30 Mn debt via private placement
Medial

Lending platform Moneyview is receiving Rs 250 crore (approximately $30 million) in debt through private placements. This will be the first major debt round for the Bengaluru-based firm in the past three years. The board Moneyview has passed a special resolution to issue non-convertible debentures up to Rs 250 crore, according to internal documents obtained by Entrackr from the Registrar of Companies. As per the documents, the debt infusion will be used for growth, working capital, and general corporate purposes. Moneyview is also on the brink of joining the prestigious unicorn club, with discussions underway to raise $50-60 million. The funding round will see participation from new investors alongside existing ones such as Apis Partners, Accel Partners, and Evolvence India. Entrackr had exclusively reported the development in July. The Tiger Global-backed company has raised around $190 million to date including a $75 million Series E round led by Apis Partners. The firm was valued at $900 million during its last equity round. According to the startup data intelligence platform TheKredible, Accel was the largest external stakeholder in Moneyview with 22.28% followed by Tiger Global which held 12% of the company as of the last funding round. Its co-founders Puneet and Sanjay Agarwal cumulatively command 24% capital of the firm. Ribbit Capital, Apis Partners, Winter Capital, and Evolvence are other notable investors in Moneyview. See TheKredible for the detailed shareholding pattern. Founded in 2014, Moneyview largely deals in personal and home loans, credit cards, credit score viewing, motor insurance and loans against property. Besides third parties, the firm also offers credit through its own NBFC — Whizdm Finance. It claims to have disbursed loans worth Rs 1,2000 crore during its decade-old journey. While Moneyview is yet to disclose FY24 financial numbers, the company’s revenue from operations grew 2.6X to Rs 577 crore in FY23. Its profit mounted 27X to Rs 163 crore during the said fiscal year.

Swiggy reports Rs 11,247 Cr revenue in FY24; cuts losses by 44%

EntrackrEntrackr · 1y ago
Swiggy reports Rs 11,247 Cr revenue in FY24; cuts losses by 44%
Medial

Swiggy has demonstrated strong financials ahead of its initial public offering (IPO). The Bengaluru-based firm reported a 36% jump in its operating revenue to Rs 11,247 crore in FY24, according to documents shared with its investors. Swiggy has also managed to reduce its losses by 44% to Rs 2,350 crore in the last fiscal year. The company’s revenue stood at Rs 5,476 crore in the first three quarters of FY24 with Rs 1,600 crore loss. It’s worth noting that these numbers aren’t audited. The Arc reported the development first. Swiggy said that its food delivery business grew 17% to Rs 6,100 crore while its quick commerce vertical Instamart registered Rs 1,100 crore gross revenue in the last fiscal year (FY24). When compared, Zomato’s overall revenue in FY24 jumped 71% to Rs 12,114 crore. This includes Rs 6,161 crore from the food business and Rs 2301 crore via the grocery business (Blinkit). Swiggy was neck and neck with Zomato in terms of food delivery whereas it was way behind in terms of grocery business. Unlike Swiggy, Zomato reported Rs 351 crore net profit in FY24 and the profitability also continued in the first quarter of FY25. For context, Blinkit had the highest market share among quick commerce players as of July, according to consulting firm USB. Swiggy Instamart was in second position followed by Zepto and BigBasket. Swiggy raised its last equity round in January 2022 when it also entered the decacorn club. Recently, it received strategic investments from Amitabh Bachchan Family’s office and Hindustan Composites. Swiggy reportedly filed IPO papers via a confidential route in May to raise up to Rs 3,750 crore ($450 million) via a fresh issue of equity shares and an offer for sale of up to an aggregate amount of Rs 6,664 crore ($800 million). The firm will soon file draft IPO papers with SEBI.

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