New Delhi5 hours ago
- copy link
Ordering from online grocery delivery platform Swiggy Instamart may now be expensive. Because the company is preparing to increase the delivery charge on every order. Swiggy is taking this decision as part of its plan to make the company profitable.
Moneycontrol has given this information quoting the company's Chief Financial Officer (CFO) Rahul Bothra. During the announcement of the results of the second quarter of the financial year 2024-25 on Tuesday, the CFO of the company said that the delivery charge is expected to increase with time. However, he did not give any deadline for the change.
Delivery is free for Swiggy One loyalty program users
According to reports, delivery is free only for users with Swiggy One's loyalty program. Other users will have to pay a dynamic fee. Blinkit, owned by Zomato, the market leader in this sector, charges delivery fees on every order and does not have any loyalty program.
At the same time, Zepto also waives delivery charges for Zepto Pass (loyalty program) users, but charges others, as does Swiggy Instamart.
in the second quarter Swiggy suffers loss of ₹626 crore
Online food delivery platform Swiggy has suffered a loss of Rs 626 crore (consolidated net loss) in the second quarter of the financial year 2024-25. The company had suffered a loss of Rs 657 crore in the same quarter last year. The company's loss has reduced by 4.72% on an annual basis. The company released Q2FY25 results on Tuesday (December 3).
Revenue increased by 30.33% to Rs 3601 crore in the July-September quarter. The company had generated revenue of Rs 2763 crore in July-September 2023-24. Earnings from selling goods and services are called revenue. Swiggy was listed in the stock market on November 13, since then its share has increased by 14.18%.
——————————–
Read this news also…
Ordering food from Zomato-Swiggy becomes expensive: Both companies increased platform fees by 20%, now ₹6 will be charged instead of ₹5
Ordering food from online food delivery platforms Zomato and Swiggy has now become a little more expensive. Both the companies have increased the platform charge by 20%. Now customers of both the companies will have to pay platform fee of Rs 6 on every order.
Both Zomato and Swiggy have increased their platform fees for markets like Bengaluru and Delhi. This is not the first time that both the companies have increased the platform fees. Even 3 months ago, both the companies had increased the platform fee to Rs 5.
Click here to read the full news…
