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Swiggy raises platform fee to Rs 17.58
India’s two food delivery giants have quietly turned a nominal Rs 2 charge into a serious revenue machine, and neither shows any sign of stopping
BENGALURU:Â It took three years, multiple hikes and one quietly coordinated convergence. Swiggy has raised its platform fee to Rs 17.58 per order including GST, up from Rs 14.99, a jump of roughly 17 per cent. The timing is not coincidental. Rival Zomato arrived at exactly the same number days earlier, charging a base fee of Rs 14.90 plus Rs 2.68 in GST to reach the identical Rs 17.58. Two competitors, two different fee structures, one identical bill for the customer.
Swiggy has increased its platform fee several times in the last seven months. What began in 2023 as a nominal Rs 2 flat charge, the kind of line item most users barely noticed, has steadily evolved into one of the most reliable margin levers in Indian digital commerce.
The cadence of increases tells the story. In September 2025, Zomato raised its platform fee to Rs 12 while Swiggy moved to Rs 14 during the festive season rush. Zomato then pushed its base fee to Rs 14.90, a 19 per cent jump from Rs 12.50. Swiggy has now followed from Rs 14.99 to Rs 17.58. The back-to-back revisions, each landing within days of the other, underline how India’s two largest food delivery platforms are adjusting customer-facing fees in near lockstep, whatever the headline structures say.
The arithmetic of scale explains the enthusiasm. Swiggy and Zomato together process an estimated 4.3 to 4.5 million orders daily. Even marginal per-order increases translate into sizable absolute gains.
The relentless upward drift also reflects the limited room both companies have to move elsewhere. Restaurants have been pushing back hard on commissions. Competition is intensifying, with newer models experimenting with lower take rates to poach merchant relationships. Charging users directly, in small, incremental amounts that rarely trigger cancellations, has emerged as one of the more dependable ways to improve unit economics without triggering a revolt. Food delivery remains the primary cash-generating engine for both companies, even as each races to build out its quick commerce business under intensifying competitive pressure.
Across digital commerce more broadly, the platform fee has become as standard as a service charge at a restaurant: food delivery, e-commerce, fashion, ticketing, all now routinely add small per-order charges to offset costs and improve operating leverage. Customers, conditioned to seeing the number creep up, largely absorb it.
What began as a rounding error on your takeaway bill is now a cornerstone of two of India’s most closely watched consumer businesses. At Rs 17.58 and climbing, it is anything but small change.
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Angel One Q4 profit surges 83 per cent to Rs 320cr
year net profit dips 22 per cent to Rs 915cr as revenue softens slightly to Rs 5,137cr.
MUMBAI: Angel One has just earned its wings in style delivering a blockbuster Q4 that proves the brokerage giant is still flying high even in a cautious market. Standalone revenue from operations for the three months ended 31 March 2026 rose sharply to Rs 1,459cr, up from Rs 1,056cr a year ago. Total income stood at Rs 1,467cr. After all expenses, profit before tax came in at Rs 440cr, while net profit for the quarter surged 83 per cent to Rs 320cr (versus Rs 175cr last year). Basic EPS stood at Rs 3.52 and diluted at Rs 3.44.
For the full year ended 31 March 2026, revenue from operations was Rs 5,137cr compared with Rs 5,238cr in FY25. Total income reached Rs 5,152cr. Profit before tax was Rs 1,272cr, and net profit came in at Rs 915cr (down from Rs 1,172cr). Basic EPS was Rs 10.09 (from Rs 13.00) and diluted Rs 9.85 (from Rs 12.68).
Total comprehensive income for the quarter stood at Rs 321cr, while the full-year figure was Rs 913cr.
The strong quarterly performance reflects robust growth in interest income (Rs 455cr) and fees & commission (Rs 1,000cr), even as the full-year numbers moderated amid a softer overall environment. Finance costs rose to Rs 134cr in Q4 (full year Rs 437cr), while employee benefits stood at Rs 244cr for the quarter (full year Rs 1,067cr).
In a year when many brokers felt the pinch of muted market activity, Angel One has delivered a sparkling Q4 that shows its core broking engine is firing on all cylinders. With the books now closed on FY26, the Mumbai-based player has once again demonstrated that consistent execution and a sharp focus on retail participation continue to pay rich dividends in India’s booming capital markets.
