Zomato Hikes Platform Fees from ₹7 to ₹10 Ahead of Festival Season
NSE:ZOMATO: Rs.260.50 (+1.66%)
Zomato Limited is one of the leading online Food Service platforms in terms of the value of food sold. Its offerings include food delivery, dining-out services, and Loyalty programs. Yesterday it declared the Q2 result.
Now that the festival season has already started and Diwali is coming, there will be more demand for shopping and food. Just by keeping an eye on this, Zomato decided to increase the platform fees from Rs.7 to Rs.10, a nearly 42% hike. This is very good for company revenue in the future
ZOMATO in this Q2 quarter purchased a ticketing business of PAYTM. This is good for company’s future. Zomato announced on Tuesday that its board has approved a plan to raise $1 billion. The company also added 152 new dark stores, bringing the total number of stores to around 791.
Today right now 1.15 pm ZOMATO share is trading at Rs.261.6 (+1,64%)