Zomato approached several restaurant chains seeking a 2-6% increase in commissions

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Foodtech platform Zomato approached several restaurant chains seeking a 2-6% increase in commissions as its losses widen and the pressure to go profitable mounts. These restaurant owners, however, have refused to accept the demand.

The company has been reaching out to restaurants for a week, according to sources cited by ET. According to the sources, Zomato has informed the restaurants that they may be delisted. The foodtech company has also reportedly informed its restaurant partners that if they fail to meet its demand, it will reduce their visibility and delivery radius. Many restaurants, however, are reportedly sticking to their guns, sparking a new conflict between Zomato and restaurants.

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Zomato approached several restaurant chains seeking a 2-6% increase in commissions

Foodtech platform Zomato approached several restaurant chains seeking a 2-6% increase in commissions as its losses widen and the pressure to go profitable mounts. These restaurant owners, however, have refused to accept the demand.

The company has been reaching out to restaurants for a week, according to sources cited by ET. According to the sources, Zomato has informed the restaurants that they may be delisted. The foodtech company has also reportedly informed its restaurant partners that if they fail to meet its demand, it will reduce their visibility and delivery radius. Many restaurants, however, are reportedly sticking to their guns, sparking a new conflict between Zomato and restaurants.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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