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Zomato foregoes takeaway commission for restaurants

2 years ago
in Business, Food, Nation, Technology, World
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Zomato foregoes takeaway commission for restaurants
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SunstarTV Bureau: Food-tech Company, ‘Zomato’ has announced ‘free takeaway service’ for the restaurants at zero commission, today.

Zomato said that it is witnessing a strong comeback after of the food ordering business from the initial setback of the ongoing pandemic. As of today, it is at 110% of pre-covid gross merchandise value (GMV) run rate in their food delivery business.

It has also announced that it will not be charging any commission, and will also forego the payment gateway charges that the company incurs on all takeaway orders.

Takeaway orders on the Zomato app has witnessed tremendous growth with the order volume increasing by more than 200% in the last few months.

Earlier this year, Zomato acquired the Indian business of ‘Uber Eats’ in an all-stock deal that will give the ride hailing company 9.99% stake in Zomato. However, the business was severely affected during the coronavirus lockdown. It ventured into the grocery delivery business during nationwide lockdown.

We are introducing takeaway/self-pickup services at a much larger scale than before. Also making this service commission-free for our restaurant partners.

Read the blog post here — https://t.co/r561fcuBmu

[1/n]

— Deepinder Goyal (@deepigoyal) November 18, 2020

Zomato founder, Deepinder Goyal tweeted, “We are introducing takeaway/self-pickup services at a much larger scale than before.”

 

 

Tags: pre-covidrestaurantsZomato
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