Online food delivery platform Swiggy is expected to increase the platform fee on food orders from Rs 5 to Rs 10 in the coming month. According to the information, with this step the company wants to reduce losses before the launch of its IPO, which will come later this year.
Current fee Rs 5
According to the information, its testing is going on on a small group of users and it can be considered as a step taken by the company. This is exactly the same when Swiggy started charging a nominal fee of Rs 2 per user in April 2023, which was implemented on some customers and later it was increased to all customers. Currently the platform fee on Swiggy is Rs 5.
What did the company spokesperson say?
Swiggy has not made any changes to its platform fees, and has no plans to increase them significantly in the near term, a company spokesperson was quoted as saying. We are always conducting small experiments to better understand consumer preferences.
Food delivery people are facing slow growth of the market due to which Swiggy is also facing some challenges.