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Why did Zomato, Swiggy's shares fall on Monday?
short by Pragya Swastik / on Monday, 9 June, 2025
Shares of rivals Zomato (now Eternal) and Swiggy fell up to 4% on Monday after reports claimed Rapido will launch a new food delivery platform that charges restaurants a fixed fee. Rapido will charge ₹25 for orders below ₹400, and a ₹50 commission above that mark. In contrast, Swiggy and Zomato charge commissions of 15-30% of the total order size.
read more at CNBC-TV18