Zomato, Swiggy shares rise up to 3% as platforms drop rain surcharge waiver for members

Zomato and Swiggy shares increased as they removed the rain surcharge waiver from membership programs, impacting even paying subscribers. This move aims to support delivery partners during adverse weather and enhance profitability, especially with losses in quick commerce. Zomato’s food delivery EBITDA rose 55% YoY, while Swiggy’s jumped fivefold, highlighting the sector’s importance.

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