Purchasing meals on Zomato gets pricey: The platform fee raised by 25% to Rs 5, bringing in ₹90 crore for the corporation annually.

Zomato, an online food delivery service, has increased the cost of placing an order. The platform fee has been raised by 25% by the corporation. Customers will now be required to pay a platform fee of Rs 5 for each order, as opposed to Rs 4.

Every year, Zomato fulfills between 85 and 90 crore orders. This indicates that Zomato processes roughly 24 lakh orders daily. The company's EBITDA will rise by ₹85–₹90 crore per year as a result of the platform fees being increased by Rs 1 for each order.
August 2023 saw the introduction of the Rs 2 platform fee.
In August of last year, Zomato began to collect a Rs 2 platform fee. Subsequently, it was raised to Rs 3 and, starting on January 1, 2024, to Rs 4. On December 31, 2023, the company received Rs 9 from clients as a platform fee.

Food delivery service between cities is suspended.
In addition, the business has halted its "Intercity Legends" meal delivery service between cities. The business used to use this service to deliver orders from large restaurants in major cities to clients in smaller cities.
In a year, Zomato's stock returned 242.14%.
Zomato's stock is up 1.24% as of right now. Shares of the firm have returned 2.16% over the last five days, 9.99% over the past month, 75.94% over the past six months, and 242.14% over the past year. This year, the corporation has returned 53.90% to stockholders. Zomato has a market valuation of Rs 1.66 lakh billion.
The company's net profit in Q3FY24 was ₹ 138 crore.
The net profit of the third quarter (October-December) of Zomato financial year 2023-24 was ₹ 138 crore. The company had suffered a loss of ₹346.6 crore in the same quarter a year ago (Q3FY23). The company's net profit on quarterly basis (QoQ) stood at 283%. The company had registered a profit of Rs 36 crore in the July-September quarter i.e. Q2FY24.

Revenue increased by 69% to Rs 3,288 crore.
The company's consolidated revenue from operations in Q3 also increased by 69% year-on-year to Rs 3,288 crore. In the same period of the last financial year, the company had generated a revenue of Rs 1,948 crore.

This was the company's first profit of Rs 2 crore in 15 years.
The company generated a profit of Rs 2 crore in the first quarter of the 2023–24 fiscal year, or a year ago. This was the first time the business has turned a profit since it was founded in 2008. In reference to this, a user humorously wrote in an
Zomato earns ₹23.26 billion. GST notice: Karnataka tax agency requests ₹1.58 lakh crore off the company's market capitalization.
Online food delivery platform Zomato has received a notice from Karnataka Tax Department officials regarding tax demand and penalty of Rs 23.26 crore. The company gave this information in its exchange filing on Sunday. However, the company said its case is strong on merits and it will file an appeal against the order before the appropriate authorities.