Skip to content
Friday, July 17
  • About Us
  • Contact Us
  • Advertise with us
  • Login
  • Add Post
  • Account
  • Dashboard
International Media News

International Media News

International Media News

International Media News

International Media News

  • Home
  • India
  • World
  • Business
  • Entertainment
  • Sports
  • Editors choice
  • Gallery
    • Image
    • Video-gallery
  • Home
  • India
  • World
  • Business
  • Entertainment
  • Sports
  • Editors choice
  • Gallery
    • Image
    • Video-gallery
Home>>Business>>Zomato collected Rs 83 crore In Platform Fee From Customers Till March: Details Here
Business

Zomato collected Rs 83 crore In Platform Fee From Customers Till March: Details Here

international media news
August 6, 2024 92 Views0

 Food delivery aggregator Zomato, which began charging platform fee on orders from last August, collected Rs 83 crore through the new levy till March, the company’s annual report has revealed. Platform fee has been cited as one of the three key factors driving Zomato’s Adjusted Revenue, which grew 27 per cent year-on-year to Rs 7,792 crore in FY24.

“Adjusted Revenue as a percentage of GOV (gross order value), continued to increase primarily due to increase in restaurant commission take-rates, improvement in ad monetization and introduction of platform fee from Q2FY24 onwards,” the report stated.

 
 

All of these factors more than compensated for the reduction in customer delivery charge per order due to the free delivery benefit available on Gold orders, it added. Interestingly, most late night orders in the last fiscal year came from Delhi NCR, while most breakfast orders came from Bengaluru, Zomato shared in the report.

 

The food delivery aggregator began levying platform fee at Rs 2 per order last August, which has gradually been increased to Rs 6 now in key markets. Its main rival Swiggy also charges platform fee on its orders. The introduction and increase in platform fee is seen as one of the means to increase profitability by food delivery aggregators.

Share:

Previous Post

Paris Olympics 2024: India Edges Out Great Britain To Secure Semifinal Spot In Men’s Hockey

Next Post

Thangalaan War Song: Makers Unveil The Ultimate War Anthem Of The Year

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent News

  • Tamannaah Bhatia begins shooting for ‘Ragini 3’ in London, makers announce 2027 release
  • Axar Patel creates history, becomes 6th Indian cricketer to achieve rare ODI feat
  • Hyderabad man stabbed 15 times at US mall over his religion, family pleads for emergency visa
  • Independence Day 2026: ASI orders Red Fort closure from July 15 to August 15 over security arrangements
  • HDFC Bank appoints former Finance Secretary Rajiv Kumar as part-time chairman

Latest News

Tamannaah Bhatia begins shooting for ‘Ragini 3’ in London, makers announce 2027 release

international media news
July 17, 2026

Tamannaah Bhatia has started shooting for Balaji Motion Pictures' upcoming horror entertainer 'Ragin

Axar Patel creates history, becomes 6th Indian cricketer to achieve rare ODI feat

international media news
July 17, 2026

Hyderabad man stabbed 15 times at US mall over his religion, family pleads for emergency visa

international media news
July 17, 2026

Independence Day 2026: ASI orders Red Fort closure from July 15 to August 15 over security arrangements

international media news
July 17, 2026

Latest News

Tamannaah Bhatia begins shooting for ‘Ragini 3’ in London, makers announce 2027 release

international media news
July 17, 2026

Axar Patel creates history, becomes 6th Indian cricketer to achieve rare ODI feat

international media news
July 17, 2026

Popular Categories

  • India
  • World
  • Business
  • Entertainment
  • Sports

Quick Links

  • About Us
  • Contact Us
  • Advertise with us
  • Login
  • Add Post
  • Account
  • Dashboard
All Rights Reserved © International Media News | Website By - Hurl Technologies Pvt. Ltd. | WordPress Theme Ultra News