Earlier this month, food delivery aggregator Zomato reported a multifold jump in consolidated net profit to Rs 253 crore for the April-June quarter of 2024-25 compared to Rs 2 crore in the year-ago period.
The decision reflects the company’s commitment to maintaining authenticity in its platform, which is vital in the hospitality and retail industries in India.
Zomato was sent a GST demand notice for Rs 9.5 crore earlier this week. The Gurugram-based company has now received two GST notices in as many months, after receiving an Rs 184 crore penalty notice in April of this year.
The food delivery service reported a consolidated net profit of Rs 175 crore for Q4 FY24, a significant turnaround from the Rs 188 crore loss in the same quarter last year.
By integrating Simpl's 1-Tap Checkout into Zomato, both companies anticipate the participation of millions of new and existing users, broadening the scope of services offered.