Zomato to forgo commission from restaurants on food orders

Restaurant discovery and food ordering platform Zomato Media Pvt. Ltd, which is in talks to raise fresh capital, said it will forgo commissions charged to restaurants on food orders as it is generating cash in its core advertising business to fund new initiatives, including food ordering. The move by Zomato comes as the company pushes hard to catch up with arch rival Swiggy (Bundl Technologies Pvt. Ltd), the largest food ordering platform in India. Zomato also said it is now a “profitable” company. A Zomato spokesperson said the company was…

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Zomato to forgo commission from restaurants on food orders

Bengaluru: Restaurant discovery and food ordering platform Zomato Media Pvt. Ltd, which is in talks to raise fresh capital, said it will forgo commissions charged to restaurants on food orders as it is generating cash in its core advertising business to fund new initiatives, including food ordering. The move by Zomato comes as the company pushes hard to catch up with arch rival Swiggy (Bundl Technologies Pvt. Ltd), the largest food ordering platform in India. Zomato also said it is now a “profitable” company. A Zomato spokesperson said the company was…

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More education spending not raising standards, Productivity Commission says

Spending on education in Australia has increased yet standards have stagnated, because data is not being used effectively to improve student outcomes, according to the Productivity Commission. The federal government’s economic policy adviser said data collected across Australia’s school systems needed to be used not only to monitor performance but officials need to go the extra step of using the evidence to developing more effective programs, policies and teaching practices. “There has been a 14% increase in spending per student over the last 10 years, yet student performance remains broadly…

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