Swiggy Hikes platform to $ 15 per request, which represents a third increase in 3 weeks

The food delivery platform has recently provided Swiggy with platform fees for the third time in the past three weeks. With the last height, the platform fee for each demand was $ 15. This height comes at a time when the food delivery platform is betting its hopes to increase demand during the holiday season.

Before that, Swiggy briefly raised the platform fee to $ 14 per request on Independence Day, before settling at $ 12. Last month, Swiggy tried a $ 14 platform fee for each request in specific locations due to increased demand.

The platform fees are imposed under the head, saying “GST and other fees” along with fees such as restaurant packages, the restaurant GST, as well as rain fees (on rain days).

Given the current demand sizes of the platform of about 2 million requests per day, the higher fees mean up to 3 rupees in daily revenue compared to about 2.4 rupees when the platform fee was $ 12.

This translates into 54 rupees per quarter and 216 rupees annually. The height of the platform’s fees comes at a time when the clear Swigy loss for June to June to 1,197 rupees annually due to the high investment in its rapid arm in rapid trade.

However, the company’s operational revenue increased by 54 percent to 4,961 rupees during the quarter. Its cash flow reached 1,053 rupees after calculating operating, investment and financing activities.

Not only that, the rise comes after its rival Zomato raised the platform fee from 10 dollars to 12 dollars to take advantage of the holiday season. According to media reports, fees also include goods and services tax (GST). In the current demand, sizes range from 2.3-2.5 million requests per day, Zomato will receive 3 rupees per day and 45 rupees in the quarter.

Zomato and Swiggy platform fees on each request, in addition to other fees such as delivery fees, goods tax fees, services and restaurant fees. The platform fee is not uniform across cities and days and is often different based on demand levels.