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Zomato collected Rs 83 crore in platform fee from customers till March

Business Standard LogoBusiness Standard5h ago

Zomato collected Rs 83 crore in platform fee from customers till March - Business Standard

Quick Summary:

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.

"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.

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.


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Article Details

Category: BusinessFinance

Markets:

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Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-04 @ 17:14:01 (5 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 284 words

Reading Time: 2 minutes read

Sentences: 11 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 21914777

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Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 110 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 2 hours ago

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Publisher ID: #49

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