Saturday, November 9, 2024

platform fee

Zomato’s bullish run continues as shares hit 52-week high post platform fee hike

News
Fo͏͏o͏dtech͏ giant Zomato's shares soared ͏t͏͏͏͏o a͏ ͏͏52͏-we͏ek hig͏h of͏ ͏INR ͏23͏2 in͏ e͏a͏rly tr͏ad͏͏i͏ng ͏o͏͏n Mon͏͏day͏ ͏a͏͏f͏ter the pl͏atfo͏͏r͏m increased i͏͏ts ͏pla͏tf͏or͏m fee to INR 6 per͏ ͏or͏der ͏in key ma͏rket͏s͏ l͏͏ik͏e Delhi and͏ Bengalur͏u. C͏o͏nt͏inu͏͏e͏...

Foodtech giants Swiggy and Zomato increase platform fees by 20% in major markets

News
Foodtech giants Swiggy and Zomato have repo͏rtedly raised the platform fee to INR 6 per order in in maj͏or markets like Delhi and Bengaluru. ET was t͏h͏e first to report the ͏͏development. The move is seen as essential...

Zomato raises platform fee to INR 5, temporarily halts intercity delivery service

News
Zomato, the foodtech giant, has raised its platform fee by 25% to INR 5 per order and suspended its intercity delivery service, Intercity Legends. Zomato...

IPO-bound Swiggy refutes speculations of doubling platform fee, emphasizes consumer-centric approach

News
Contrary to speculation suggesting that Swiggy might increase its platform fee for food orders from INR 5 to INR 10 in the upcoming months...

Zomato raises platform fee to INR 4 per order in major cities

News
Listed food delivery platform Zomato has raised the platform fee to INR 4 per order in key markets, as indicated on its app. The revised...

Swiggy increases platform fee to INR 3 per order to boost profitability ahead of IPO in 2024

News
Foodtech giant Swiggy has hiked its platform fee from INR 2 to INR 3 per order. Back in April of this year, Swiggy implemented a...

Swiggy’s Senior VP of Revenue and Growth, Anuj Rathi, steps down after seven years

News
Anuj Rathi, who served as the Senior Vice President (SVP) of Revenue and Growth at Swiggy, has tendered his resignation following a tenure of...

Zomato’s platform fee hike expected to bolster customer take rate and contribution margin: Kotak Institutional Equities

News
A month after introducing a platform fee of INR 2, which was later raised to INR 3 for certain users, Zomato, the foodtech giant,...

Zomato shares surge by 6% in response to high trading activity and platform fees

News
Zomato's stock experienced a remarkable uptick of up to 6 percent in the initial trading hours on Monday. This surge was propelled by substantial...

Swiggy stands strong despite new platform fee, sees no negative impact

News
Swiggy, a prominent player in the food delivery industry, has experienced no negative consequences following its recent choice to implement a platform fee for...

Zomato extends platform fee to wider user base, implements INR 3 charge in select cities

News
Zomato, the prominent player in the food technology sector, initially introduced a platform fee of INR 2 per order for specific users. This fee...

Zomato follows Swiggy’s lead, tests INR 2 platform fee to enhance profitability

News
Zomato is currently testing a new initiative in specific markets, wherein select users will be charged a flat INR 2 platform fee on its...

Swiggy implements ‘platform fee’ on all orders, users to bear the cost

News
Swiggy, an online food delivery platform, has recently implemented a "platform fee" of INR 2 per food order for all users, regardless of the...

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