Oct 23, 2024 11:52 AM IST
Zomato has raised its platform payment to ₹10 from ₹7 forward of the festive season to cowl operational prices.
Meals supply platform Zomato elevated platform payment to ₹10 from ₹7 forward of the festive season. A notification on Zomato’s app mentioned, “This payment helps us pay our payments to maintain Zomato operating. To keep up providers throughout festive season, it has elevated barely.”
Zomato’s platform payment rises to ₹10, up from ₹7, to assist operations throughout the festive season. For Q2 2024, the agency reported a internet revenue of ₹176 crore, considerably increased than ₹36 crore within the earlier 12 months.(Reuters)
Zomato launched a ₹2 platform payment in August 2023 and subsequently elevated it to ₹3 earlier than elevating it once more on January 1 to ₹4.
This comes as Zomato reported a consolidated internet revenue of ₹176 crore within the second quarter ended on September 30, 2024. The corporate posted a consolidated internet revenue of ₹36 crore in the identical quarter final fiscal. On this quarter, consolidated income from operations stood at ₹4,799 crore which was at ₹2,848 crore within the year-ago interval. Complete bills have been at ₹4,783 crore within the quarter below evaluate towards ₹3,039 crore within the corresponding interval a 12 months in the past, the corporate mentioned.
The board of the corporate additionally accredited the elevating of ₹8,500 crore by certified institutional placement of fairness shares.
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