Zomato Platform Fee Hiked: Online food delivery company Zomato, which is owned by Eternal Limited, has announced raising the platform fee.
According to the company's app, the company has now hiked the platform fee by Rs 2.40 to Rs 14.90 per order.
With the recent hike, Zomato's platform fee now stands at Rs 14.90 on a pre-GST basis, from Rs 12.50 earlier.
Zomato charges a platform fee from its users.
Meanwhile, Zomato's rival Swiggy, also a listed player, charges a platform fee of Rs 14.99, inclusive of GST, from its users. Swiggy may opt to hike the platform fee on the company days. The company has, however, issued no details on the same.
Zomato's platform fee hike is applicable pan-India. Zomato had last hiked its platform fee in September last year.
Meanwhile, magicpin, the third-largest food delivery player, which currently charges a platform fee of Rs 14.20 per order, ruled out a hike at least for the time being.
Anshoo Sharma, CEO & Founder, magicpin, said, "At a time when the food delivery ecosystem is navigating a tough phase with rising costs, we have consciously decided not to increase our platform fee to support our restaurant partners and keep food delivery accessible for customers".
The latest hike in platform fees is set to make ordering food costlier for millions of users across the country.
The increase in platform fees by Zomato comes at a time when crude oil prices are rising due to the West Asia conflict. Higher fuel costs are expected to drive up the cost of delivery operations.
