 "Amazon")
Amazon’s new food delivery service in Bengaluru could hurt Zomato and Swiggy as its commission rate is cheaper, said a report by Motilal Oswal institutional Equities, predicting "cash burn" in the industry as a result.
Amazon Food charges restaurants 10 per cent: almost half the 22-25 per cent charged by Zomato and Swiggy, which have been able to curtail their losses due their higher rates.
The report focuses on InfoEdge, which holds a 19.3 per cent stake in Zomato.
"Amazon will consistently keep take rates below the industry average as it gains an additional benefit for increasing Prime membership at
