Now Zomato started charging 18 percent GST

Only way to get profitable. 😊

18% on the bill amount?
so 36rs for 200 bill amount? 

i literally feel we should stop using zomato....a shop sells item for 220 incl GST. if we order on zomato we need to pay 220+gst+delivery+platform fee

amit_ag wrote:
i literally feel we should stop using zomato....a shop sells item for 220 incl GST. if we order on zomato we need to pay 220+gst+delivery+platform fee

+ discount+ gv + loots

amit_ag wrote:
i literally feel we should stop using zomato....a shop sells item for 220 incl GST. if we order on zomato we need to pay 220+gst+delivery+platform fee

Add listing fee also which restaurant adds to the item price

Lena  hain  toh  lo  , nahi  toh   aage  badho  , hawa  aane  do ,  india  mein  bahut  hain  unse  kharidne  wale  and  convinenece   bolne  wale

kartikxxx wrote:

+ discount+ gv + loots

no discounts for old user...mostly for new users

flash007 wrote:

18% on the bill amount?
so 36rs for 200 bill amount? 

On platform fee which is 2 rupees.

Write " on platform fee " in title... Felt like a YouTube clickbait

A certain commission — usually ranging between 24%-28% of the order value — from the restaurants that are receiving the orders. This is just the commission for generating business for the restaurant partner, and excludes charges for enabling delivery which is the delivery charges that are also paid by the customers

Zomato typically charges a 15%-22% commission per order exclusive of payment gateway charges and GST. Swiggy's charges, on the other hand, range between 9%-22% per order depending on the average order value (AOV) with a higher AOV attracting lower commission

Food Delivery Aggregators surcharge including Taxes averages between 41.55% in Metro Cities and Tier 1 Cities. 😂

The popular narrative currently seems to be that lower prices imply Zomato/Swiggy are over-charging but the reality is, despite significant scale, steady rise in take-rates and acute cost focus, both are barely making any profits

food delivery apps are ‘looting‘ the customers, as many accuse them of so readily But how difficult the business model of food aggregators is, it’s to show that customers are paying a hefty premium ranging from 10 per cent to 50 per cent depending on the outlet they are ordering from.

AND NOW WITH ALL THESE ADDITIONAL CHARGES TOPPING UP EVERY NOW & THEN just like the multiple top-ups on Ice cream 

So what exactly should be done?

Best Is Home Cooked Meals & others times the below feasible alternate options

Simple. Just don't use these Apps except when there is a loot

You have restaurants near your house - visit the Restaurants and get your own Take Away

Visit Restaurants and Have a Dine in Experience

Use the Chains own Delivery service

😌

My prediction for Zomato stock: It will go down by 18% by end of this month  😉

DesiDIMEDealer wrote:

A certain commission — usually ranging between 24%-28% of the order value — from the restaurants that are receiving the orders. This is just the commission for generating business for the restaurant partner, and excludes charges for enabling delivery which is the delivery charges that are also paid by the customers

Zomato typically charges a 15%-22% commission per order exclusive of payment gateway charges and GST. Swiggy's charges, on the other hand, range between 9%-22% per order depending on the average order value (AOV) with a higher AOV attracting lower commission

Food Delivery Aggregators surcharge including Taxes averages between 41.55% in Metro Cities and Tier 1 Cities. 😂

The popular narrative currently seems to be that lower prices imply Zomato/Swiggy are over-charging but the reality is, despite significant scale, steady rise in take-rates and acute cost focus, both are barely making any profits

food delivery apps are ‘looting‘ the customers, as many accuse them of so readily But how difficult the business model of food aggregators is, it’s to show that customers are paying a hefty premium ranging from 10 per cent to 50 per cent depending on the outlet they are ordering from.

AND NOW WITH ALL THESE ADDITIONAL CHARGES TOPPING UP EVERY NOW & THEN just like the multiple top-ups on Ice cream 

So what exactly should be done?

Best Is Home Cooked Meals & others times the below feasible alternate options

Simple. Just don't use these Apps except when there is a loot

You have restaurants near your house - visit the Restaurants and get your own Take Away

Visit Restaurants and Have a Dine in Experience

Use the Chains own Delivery service

😌

They are barely making profits? Really?  You are gullible if you think so.  Just one instance for you bro - By charging just 2rs now with gst on platform fee per order do u know how much money they are making? 107crore and now with gst it's about 130 crore (considering About 53.5crore orders per month ) 

That's a great strategy by charging platform fee

vin_vin wrote:

Write " on platform fee " in title... Felt like a YouTube clickbait

Lol!  I tried writing bro long titles not allowed 

guest_999 wrote:
On platform fee which is 2 rupees.

Looks very small but they are making 20crores by that considering per month. Why to charge even that it's like by using their service u need to pay them such chindi giri

BeUnique wrote:

They are barely making profits? Really?  You are gullible if you think so.  Just one instance for you bro - By charging just 2rs now with gst on platform fee per order do u know how much money they are making? 107crore and now with gst it's about 130 crore (considering About 53.5crore orders per month ) 

That's a great strategy by charging platform fee

None. GST goes to government not to Zomato pockets.

Swiggy will be following soon. Anyways, GST on food, Double GST on food online ordering, swach bharat tax + extra monthly charges by garbage collectors again on top of various municipality taxes (and garbage and cow poops still all over the roads) increasing monthly price tags on electricity, gas , etc etc. All these goes to govt's pockets.

BeUnique wrote:

Looks very small but they are making 20crores by that considering per month. Why to charge even that it's like by using their service u need to pay them such chindi giri

Any kind of tax charged in any form anywhere goes to the govt.

BeUnique wrote:

They are barely making profits? Really?  You are gullible if you think so.  Just one instance for you bro - By charging just 2rs now with gst on platform fee per order do u know how much money they are making? 107crore and now with gst it's about 130 crore (considering About 53.5crore orders per month ) 

That's a great strategy by charging platform fee

https://www.businesstoday.in/entrepreneurship/n...

https://entrackr.com/2023/05/zomato-posts-rs-70...

No well known ecomm platform in India makes profits incl amazon & fk.

BeUnique wrote:

They are barely making profits? Really?  You are gullible if you think so.  Just one instance for you bro - By charging just 2rs now with gst on platform fee per order do u know how much money they are making? 107crore and now with gst it's about 130 crore (considering About 53.5crore orders per month ) 

That's a great strategy by charging platform fee

I slightly agree , Both Swiggy and Zomato and Running On Losses just how @guest_999 has already highlighted about the same.

It is those angel investors that are keeping up these food aggregators & their the stakes high just in terms of valuations  & the final financial worth.
Again these are made with multiple rounds of funding's & Exits  

So just to cope up with all the loss they have come up with a way or so called Term  as "Platform Fee" . I assume that with a  ₹2  fee also some portion would be charged by GOV overall transactions , which would reduced the ₹2 to even less in terms of profit for them,  , Possibly it is when they decided to add GST to the platform fee & Levy all the charges upon customer So that the ₹2 profit solely stays with them 

There should be clear rules & Guidelines from GOV & other relevant institutions for all these but GOV is busy in only collecting Taxes 

 

There's also news that Platform fee might increased to ₹5
Zomato Expands Platform Fee To More Users, Hikes It To INR 3 In Some Cities
👮

DesiDIMEDealer wrote:
I slightly agree , Both Swiggy and Zomato and Running On Losses just how @guest_999 has already highlighted about the same.

It is those angel investors that are keeping up these food aggregators & their the stakes high just in terms of valuations  & the final financial worth.
Again these are made with multiple rounds of funding's & Exits  

So just to cope up with all the loss they have come up with a way or so called Term  as "Platform Fee" . I assume that with a  ₹2  fee also some portion would be charged by GOV overall transactions , which would reduced the ₹2 to even less in terms of profit for them,  , Possibly it is when they decided to add GST to the platform fee & Levy all the charges upon customer So that the ₹2 profit solely stays with them 

There should be clear rules & Guidelines from GOV & other relevant institutions for all these but GOV is busy in only collecting Taxes 

 

There's also news that Platform fee might increased to ₹5
Zomato Expands Platform Fee To More Users, Hikes It To INR 3 In Some Cities
👮

I'll buy food myself or cook and force myself to eat the food I cook with my below average cooking skills.

It was hard to not get tempted by their Gold offering at Rs 149 for 3 months and I uninstalled their app already.
Finally Good Riddance. 
Swiggy One seems better option now at Rs 249 for 3 months.

manehari wrote:

None. GST goes to government not to Zomato pockets.

Still 107crores for platform fee 

guest_999 wrote:
Any kind of tax charged in any form anywhere goes to the govt.

They are still making about 107crores by platform fee

magur wrote:

Swiggy will be following soon. Anyways, GST on food, Double GST on food online ordering, swach bharat tax + extra monthly charges by garbage collectors again on top of various municipality taxes (and garbage and cow poops still all over the roads) increasing monthly price tags on electricity, gas , etc etc. All these goes to govt's pockets.

Swiggy is already dead in my city as there are close to none 60/50percsnt offers

22sumit wrote:

It was hard to not get tempted by their Gold offering at Rs 149 for 3 months and I uninstalled their app already.
Finally Good Riddance. 
Swiggy One seems better option now at Rs 249 for 3 months.

Bro they are taking 0.36p extra. So going by that swiggy vs Zomato 249/149 I still prefer Zomato.

It's just that now I order only when I get real discount.  Plus their on-time guarantee scheme totally beats swiggy out of the park

DesiDIMEDealer wrote:
I slightly agree , Both Swiggy and Zomato and Running On Losses just how @guest_999 has already highlighted about the same.

It is those angel investors that are keeping up these food aggregators & their the stakes high just in terms of valuations  & the final financial worth.
Again these are made with multiple rounds of funding's & Exits  

So just to cope up with all the loss they have come up with a way or so called Term  as "Platform Fee" . I assume that with a  ₹2  fee also some portion would be charged by GOV overall transactions , which would reduced the ₹2 to even less in terms of profit for them,  , Possibly it is when they decided to add GST to the platform fee & Levy all the charges upon customer So that the ₹2 profit solely stays with them 

There should be clear rules & Guidelines from GOV & other relevant institutions for all these but GOV is busy in only collecting Taxes 

 

There's also news that Platform fee might increased to ₹5
Zomato Expands Platform Fee To More Users, Hikes It To INR 3 In Some Cities
👮

Well explained brother.

Already made a thread on this https://www.desidime.com/discussions/zomato-pla...

guest_999 wrote:
https://www.businesstoday.in/entrepreneurship/n...

https://entrackr.com/2023/05/zomato-posts-rs-70...

No well known ecomm platform in India makes profits incl amazon & fk.

I repeat don't be gullible  Never believe such articles. Rest ur call bro

most of the times, their delivery charges more than market rate per KM, even if hotel near by they levy as far distance

BeUnique wrote:

I repeat don't be gullible  Never believe such articles. Rest ur call bro

I am not gullible, money speaks for itself. If zomato was earning profits its share price wouldn't be where it is today or ppl criticising its higher share price saying not worth it as per loss making company. Same is the case with swiggy which had plans of bringing its IPO but pulled back after seeing the fate of paytm ipo(another loss making company which now start making some peanut profits after becoming a sell everything from toothpaste to insurance app from a simple payment app in the beginning). Always keep in mind one thing, if a company is making profits then it will always show in its shares/IPO listing but if it is not then sooner or later it will either make a record like paytm for lowest/biggest loss making IPO or face adani like scandals.