There’s bad news if you order food from Zomato as well. The platform fee (Zomato Platform Fee) has been raised by the corporation. Starting on April 20, Zomato has raised its platform fees for meal delivery. The platform fees have been raised by 25% by the corporation. This implies that the cost has been raised to Rs 5 for each order.
The business has also discontinued
Intercity Legends service in addition to this. Before the release of the March quarter results, Zomato made these decisions. In these cities, rates went up. Numerous significant markets, including Delhi-NCR, Bengaluru, Mumbai, Hyderabad, and Lucknow, have seen increases in their platform costs per order. Zomato offers orders to 2.0–2.2 million users daily, according to TOI news. Aside from this, the company’s income in a quarter might be greatly increased by raising Re 1 for a sizable order base.
Let us inform you that the platform costs
were raised by the corporation in January as well. The charge was raised by the company from Rs 3 to Rs 4 at that time, and it is currently only Rs 5. In August 2023, Zomato charged a platform fee of Rs 2. The business just had Rs 2 when it first began. This decision was made by the corporation to boost profits. Subsequently, the platform charge was raised from Rs 2 to Rs 3, then it was raised to Rs 4 in January. Additionally, the business had temporarily raised the costs to Rs 9 in December.
In just six months, Sharepoint grew by 73%.
Let us inform you that Zomato shares closed at Rs 188.50 on Friday, up 1.78 percent over the previous trading session. In addition, over the previous six months, the company’s stock has climbed by 73.09 percent. The value of the shares of the company was at the level of Rs 108. In addition, during the YTD period, the share has climbed by 51.41 percent. In addition, the stock has enjoyed a remarkable increase over the past year. In a single year, the share has climbed by 236.61 percent. The share price of this company was Rs 56 one year ago.
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