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Zomato Hikes Platform Fee To INR 5, Shares Jump 4%

Inc42 · 11m

Foodtech giant Zomato has increased its platform fee by 25% to INR 5 per order in key markets, including Delhi, Bangalore, Mumbai, Hyderabad, and Lucknow. The move is expected to boost the company's earnings as it handles around 2-2.2 million orders per day. Additionally, Zomato has temporarily suspended its intercity delivery service, Intercity Legends, for enhancements. The company has been focusing on profitability, with its profit after tax reaching INR 138 crore in the December quarter of the financial year 2023-24. Recently, Zomato also introduced an all-electric 'large order fleet' for delivering orders for up to 50 people in one go.