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Swiggy, Zomato may soon hike platform fee more to ₹10-15: Report

Hindustan Times

Hindustan Times · 1y ago

Swiggy, Zomato may soon hike platform fee more to ₹10-15: Report

Swiggy and Zomato may soon increase their platform fee to ₹10-15 per order, Business Standard reported citing restaurants listed on the food delivery majors. This comes after the firms hiked their platform fee to ₹6 per order in key markets like Bengaluru and Delhi. "The platform fee is definitely going to increase further," a source cited by the report said.

Related News

Swiggy hikes platform fee to ₹10

Inshorts · 9m ago

Swiggy hikes platform fee to ₹10

Swiggy has increased its platform fee to ₹10 per order. The food delivery company first introduced the platform fee of ₹2 in April last year and the current increase reflects a 400% hike since then. Swiggy's move comes after rival Zomato increased its platform fee from ₹7 to ₹10 ahead of the festive season.

Zomato hikes platform fee on food delivery to Rs 10 during festive season

Economic Times

Economic Times · 9m ago

Zomato hikes platform fee on food delivery to Rs 10 during festive season

Gurgaon-based food delivery platform, Zomato, has increased its platform fee for food delivery transactions to Rs 10 per order during the festive season, up from Rs 7. The fee helps cover operational costs and is aimed at maintaining services during the busy period. Zomato's rival, Swiggy, also charges a platform fee and has progressively increased it to Rs 7. These fees are additional charges applied to each food order and contribute to the companies' revenue. The platform fee increase is expected to boost the take rates for Zomato and Swiggy as they handle millions of daily food delivery orders.

After Zomato, Swiggy Hikes Platform Fee To INR 10 Per Order

Inc42 · 9m ago

After Zomato, Swiggy Hikes Platform Fee To INR 10 Per Order

Swiggy has increased its platform fee on its food delivery service from INR 7 to INR 10 per order, following a similar move by Zomato. This comes as Swiggy looks to optimize its revenue ahead of its planned initial public offering (IPO).

Zomato collected Rs 83 cr in platform fee from customers till March

YourStory

YourStory · 1y ago

Zomato collected Rs 83 cr in platform fee from customers till March

Food delivery aggregator Zomato has collected Rs 83 crore through its platform fee on orders from August 2023 to March 2024, according to the company's annual report. The platform fee is cited as one of the key factors driving Zomato's Adjusted Revenue, which grew 27% year-on-year to Rs 7,792 crore in FY24. Zomato began charging a platform fee of Rs 2 per order in August, which has since been increased to Rs 6 in key markets. The introduction and increase in platform fee is part of Zomato's strategy to enhance profitability, similar to its rival Swiggy.

Swiggy hikes its platform fee on food orders to Rs 3

Economic Times

Economic Times · 1y ago

Swiggy hikes its platform fee on food orders to Rs 3

Swiggy, the popular food delivery platform, has increased its platform fee on food orders to ₹3. The fee hike aims to help the company cover its operational costs and ensure profitability amid tough competition in the online food delivery industry. Despite facing criticism from restaurant partners, Swiggy remains committed to providing value to its customers and expanding its services across the country.

Swiggy to charge restaurants collection fee

YourStory

YourStory · 1y ago

Swiggy to charge restaurants collection fee

After Zomato, food and grocery delivery platform Swiggy is now set to charge restaurants a collection fee of 2% on all orders to facilitate online payments from customers on the platform. The fee will be implemented from December 20. Swiggy's move comes nearly four to five years after rival Zomato introduced a payment gateway fee.

Magicpin slashes platform fee to Rs 5 per delivery

Economic Times

Economic Times · 9m ago

Magicpin slashes platform fee to Rs 5 per delivery

Magicpin, a hyperlocal ecommerce app, has reduced its platform charges for deliveries to Rs 5 per delivery, which is half the fee set by its competitors. This move comes shortly after Zomato and Swiggy increased their platform fees for deliveries by a significant margin. Magicpin's founder and CEO, Anshoo Sharma, announced the reduction on social media, stating that it would be applicable for the rest of the year and that there would be no fee hike on food delivery in 2024. This decision has resulted in a significant increase in orders for Magicpin during the festive season.

Consumer internet companies charge per order fees to up margins

Economic Times

Economic Times · 1y ago

Consumer internet companies charge per order fees to up margins

Consumer internet platforms like Uber, BigBasket, Zomato, and Swiggy are now charging per order fees to optimize unit economics and increase profitability. Uber is imposing a distance-based 'booking fee' on its cab services, while BigBasket has introduced a Rs 5 handling charge on its quick commerce platform. Zomato and Swiggy already charge a platform fee of Rs 2 on food delivery orders. These charges aim to cover operational costs and reflect the cost of providing convenience to customers.

IPO-bound Swiggy shrugs off plans on doubling platform fee in near term

Inc42 · 1y ago

IPO-bound Swiggy shrugs off plans on doubling platform fee in near term

Swiggy has denied reports of doubling its platform fee on food orders, stating that it has no such plan for the near future. Speculations were rife that the food delivery aggregator would increase the fee from INR 5 to INR 10 to offset losses ahead of its upcoming IPO. The company clarified that it constantly experiments with offerings to understand user preferences and improve affordability. Swiggy's archrival, Zomato, recently raised its platform fee from INR 3 to INR 4. Swiggy's IPO is anticipated to take place in mid-2024.

Zomato hikes platform fee for users to Rs 5; pauses intercity deliveries

Economic Times

Economic Times · 1y ago

Zomato hikes platform fee for users to Rs 5; pauses intercity deliveries

Food delivery platform Zomato has increased its platform fee for customers by 25% to Rs 5 per order, effective April 20. The fee increase, applicable in key markets including Delhi, Bengaluru, Mumbai, and Hyderabad, is expected to boost the company's earnings. Zomato's rival, Swiggy, already charges Rs 5 as a platform fee on food delivery orders. Zomato's platform fee is in addition to the delivery charge, but it is waived for Zomato Gold loyalty programme members. The fee was initially introduced in August 2023 at Rs 2 per order and was increased to Rs 4 earlier this year. The intercity delivery service, Legends, has been temporarily suspended by Zomato due to low consumer traction and legal issues.

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