Swiggy shares in focus today as the company has increased its platform fee, marking another pricing move in the food delivery space.
The company has hiked its platform fee from ₹14.99 to ₹17.58, reflecting an increase of around 17%. The revision comes amid broader efforts by food delivery platforms to improve unit economics and profitability.
The move follows a similar step by rival Zomato earlier this month, which also raised its platform fee, indicating a trend of pricing adjustments across the sector.
On the stock front, Swiggy was trading at ₹271.30, down ₹1.25 or 0.46% during the session. The stock opened at ₹280.95 and touched an intraday high of ₹281.05, while the low stood at ₹268.40. The previous close was ₹272.55.
Trading volumes stood at 39,26,293 shares, with an average traded price of ₹273.89 as of 11:16 AM. The stock remains near its 52-week low of ₹266.95, compared to a 52-week high of ₹474.00.
The increase in platform fees by both Swiggy and Zomato highlights a continued focus on monetisation strategies within the online food delivery segment.