Food delivery platforms Zomato and Swiggy increased their platform fees in selective markets on July 14. Both companies have raised their platform fee by 20% to ₹6 in Delhi and Bengaluru, up from the past charge of ₹5. This move follows a progression of steady increments by the two organizations throughout the last year.
The platform fee, separate from other charges like GST, restaurant charges, and delivery fees, was first presented by Swiggy in 2023 and later taken on by Zomato. Zomato at first set the charge at ₹2 per request, accordingly raising it to ₹3 in October 2023, ₹4 in January 2024, and ₹5 in April 2024. During top hours, the platform fee can reach up to ₹9 per request.
The increase in platform fee is projected to fundamentally help it’s income, considering that both Zomato and Swiggy deliver roughly 20-25 lakh orders day to day. The revised charges might actually produce an extra ₹1.25-1.5 crore each day for these companies.
Zomato’s platform fee changes and their effect on share prices mirror the organization’s strong market system and its capacity to navigate competitive pressures. As it proceeds to grow and advance, its emphasis on improving profitability while keeping up with consumer loyalty will be essential in supporting its market leadership.
Zomato Share Price
Following the declaration of the platform fee increment, Zomato’s share price flooded by more than 4%, arriving at a 52-week high. The high fee is supposed to reinforce the organization’s profitability, adding to its market capitalization by outperforming ₹2 trillion. This monetary achievement highlights Zomato’s huge market presence and investor confidence.
Zomato Owner Name
It was established by Deepinder Goyal and Pankaj Chaddah in 2008. Deepinder Goyal, who presently fills the role of CEO, has been the main force behind the company’s growth and expansion.
Zomato CEO Salary
While explicit figures regarding Deepinder Goyal’s salary are not freely disclosed. However, in 2020, his salary was over Rs 3 crore but saw a decline in 2021 at Rs 1.96 crore, following his decision to forgo salary for the next three years.
Zomato Owner Net Worth
Deepinder Goyal’s impressive net worth is Rs 2,030 crore. They have additionally increased in accordance with Zomato’s market performance. He has a significant 5.5% stake in Zomato. At this point, the company’s market capitalization remains at over ₹2 trillion, marking it as one of the main players in the food delivery industry.
FAQs
How old is the owner of Zomato?
Deepinder Goyal, the CEO and co-founder of Zomato, was born on January 26, 1983. Right now, he is 41 years old.
What is the education of the CEO of Zomato?
Deepinder Goyal holds a degree in Mathematics and Computing from the Indian Institute of Technology (IIT) Delhi, one of India’s top engineering institutions.
Who is the founder girl of Zomato?
While Zomato was established by Deepinder Goyal and Pankaj Chaddah, there is no female fellow investor related to the beginning of the company.
Who is the real owner of Zomato?
The real owners of this are its co-founders, Deepinder Goyal and Pankaj Chaddah. Deepinder Goyal remains actively engaged with the organization as its CEO, directing its strategic direction and growth.
