The food supply aggregator in India swiggy increased the platform fee £12 to £14 In some pockets, only 15 August to increase demand for orders, people who are familiar with development, said Livemint.com. However, the platform fee remains from August 16 £12 through India.
A platform fee is a fee that is added to each transaction by the company like swiggy, zomato or Uber to cover the cost of maintenance and operating its platform.
The RS14 platform fee included goods and services tax (GST) for food delivery order. For comparison, Zomato claims the Platform fee £10, with the exception of GST. Swiggy was the first to introduce this fee in April 2023, starting with £2, and gradually increased it to £12 (Before GST) As part of its strategy to strengthen profitability at the level of units. Zomato accepted a similar approach, although his last revision of the fees occurred in October 2024.
While these fees were a small part of a typical £500- £The value of the order 600, which was observed on the food supply platform, significantly contributed to the improvement of the total profit margin for companies, said the ET report.
In the period April – June Swiggy’s net loss rising to £1 197 Crore, double the number from the same quarter of last year. The company also showed a clean outflow of cash £1 053 Crore after accounting for operational, investment and financial activities, ET reported. Despite the deepening losses, swiggs recorded the year -on -year growth of operating income by 54%that reached £4 961 crore.
Rapido owns lower rates commission partners in restaurants than swiggy, zomato
In the middle of this, new competition appears in the supply area. Ride-Hailing company Rapido has launched its own, its own food supply platform, which is currently functional in selected areas of Bengaluru, including Koramangal, HSR layout and BTM layout. The aim of its own focus is to question established players such as swiggs and zomato, by offering lower commissions rates in a restaurant between 8% and 15%, compared to 16% to 30% usually charged existing entities.
Zomato introduced five price increases in less than two years, resulting in a 400% increase, NDTV said. In the middle of Duopol Swiggy-Zomato, with commissions charges of up to 35%, restaurant owners have a small selection, but to raise the prices of their menu. As a result, several surveys indicate that online food order now costs more than 50% more than in the restaurant, has added a message.
(Tagstotranslate) swiggy
