Zomato collects Rs 83 crore as platform fee

Prameyanews English

Published By : Prameya News Bureau | August 4, 2024 7:50 PM

Zomato

Mumbai, Aug 4: Food delivery aggregator Zomato, which began charging a platform fee on orders starting last August, collected Rs 83 crore through this new levy by March, according to the company's annual report.

The platform fee has been identified as one of the three key factors contributing to Zomato's Adjusted Revenue, which saw a 27 percent year-on-year increase, reaching Rs 7,792 crore in FY24.

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

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