Zomato climbs nearly 6% after Zepto starts levying platform fee in some regions

Shares of the food delivery services firm- Zomato gained focus in Thursday’s trade and galloped nearly 6 per cent to Rs 157.3 per share on the BSE. The stock’s gain is likely linked to Zepto initiating the levy of a platform fee of up to Rs 2 per delivery for its delivery orders in some regions.

At around 2:57 pm, shares of Zomato traded 2.93 per cent higher at Rs 52.9 per share.

As per Zee Business research desk inputs, so far, Zomato’s quick commerce delivery platform Blinkit has not begun to levy the platform fee, and instead, its handling charges are also lower in comparison to Zepto, noted the research team.

Fee                  Blinkit           Zepto
Handling Fee          2                 5-20
Platform Fee          -                      2

Morgan Stanley maintains that if the platform begins to charge the platform fee, the expectation of EBITDA breakeven will increase.

Further, it sees Blinkit’s adjusted EBITDA log 34 per cent growth in FY25E in case it charges Rs 2 platform fees.

Earlier, the company’s founder, Deepinder Goyal, said that in a decade’s time, shareholders will see more value from Blinkit in comparison to Zomato, and Blinkit’s adjusted EBITDA is seen to breakeven in Q1FY25.