How do Swiggy and zomato earn such huge discounts of up to 50?
How do Swiggy and zomato earn such huge discounts of up to 50?
Zomato launched food delivery in 2015; it now has presence in 24 countries. The first thing we check when we order from the food delivery giant is discount offers and if the prices have been slashed by 50\%, the discount is borne by the Restaurant 40\% and the rest 10\% is borne by Zomato.
How does Google pay and Paytm earn money?
Google Pay makes money through commissions it gets for transactions from companies or operators. For every transaction that you make using Google Pay, it gets a commission from the company.
Does zomato make profit?
Zomato first charges a commission to restaurants based on orders through its food supply company. While users pay a delivery fee, Zomato earns a commission for every delivery from restaurants which is subsequently divided between the supplier and the business.
Does Swiggy make profit?
Commissions Swiggy acquires another major part of the revenue stream from commissions. It collects commissions from restaurants to generate sales leads and to deliver their food items through Swiggy’s fleet. Restaurants have to pay 15\% to 25\% on every order placed from Swiggy’s website.
How does Zomato monetize its offering?
Zomato also earns advertisement revenue. Customers use Zomato’s dining-out offerings to search and discover restaurants, read and write customer-generated reviews, book tables and make payments while dining out at restaurants. It monetises the dining-out offering through advertisement sales.
Is Google Pay profitable?
Google Pay’s revenue, however, from operations declined to ₹1,467.36 crore in 2020-21 from ₹1,497.66 crore in 2019-20. Its profit after tax increased to ₹53.22 crore in 2020-21, from ₹32.86 crore in 2019-20.
Who is founder of Google Pay?
Google Pay
| Developer(s) | |
| Initial release | May 26, 2011 (as Google Wallet) September 11, 2015 (as Android Pay) January 8, 2018 (as Google Pay) |
| Stable release(s) [±] | |
|---|---|
| Android 143.1.1 / December 8, 2021 Wear OS 2.135.389276953 / August 26, 2021 | |
| Operating system | Android Lollipop 5.0 or later iOS 11 or later (US and India only) |
Is Zomato a loss making company?
Food delivery aggregator Zomato reported a consolidated loss of ₹356.2 crore during the quarter ended June 30, 2021. The Deepinder Goyal-led company had posted a loss of ₹99.8 crore in the year-ago period.
Are Swiggy and Zomato profitable?
Swiggy reports nearly three-fold increase in annual revenue, in neck and neck race with Zomato. Revenue of the Gurugram-based Zomato stood at ₹916 crore in Q1 of FY22, compared to ₹283.5 crore in the same quarter last year. The duo had earned a total income of about ₹2,700 crore each in the financial year 2020.